Contracts Act (Cap. 53): Primary legislation governing contract formation, consideration requirements, and contractual capacity in Singapore. Essential for ensuring the promissory note meets basic contractual validity requirements.
Bills of Exchange Act (Cap. 23): Contains specific provisions for promissory notes under Section 84, defining requirements for validity and enforcement of promissory notes in Singapore.
Moneylenders Act (Cap. 188): Regulates money lending activities, including maximum interest rates and licensing requirements if applicable to the promissory note arrangement.
Limitation Act (Cap. 163): Sets time limits for enforcement of the note, typically providing a 6-year limitation period for contractual claims.
Civil Law Act (Cap. 43): Contains general provisions affecting civil obligations and rules regarding interest rates applicable to promissory notes.
Evidence Act (Cap. 97): Establishes requirements for documentary evidence and determines admissibility of the promissory note in legal proceedings.
Electronic Transactions Act: Provides legal framework for electronic execution of documents, relevant if the promissory note is to be executed electronically.
Stamp Duties Act: Determines any applicable stamp duty requirements for the promissory note document.
Banking Regulations: Relevant if the transaction involves financial institutions, ensuring compliance with banking laws and regulations.
