Professional Documents
Culture Documents
Banking Concepts
Banking Concepts
In court,
it is common for the bank to claim that the promissory note is
money to the bank, but not money to the alleged borrower. How
can it be money and not money at the same time? If they admit
it is money to the bank, then the banker must admit that they
received money from the alleged borrower to fund the check. If
this is the case, where is the money loaned to issue the check?