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Explanation (ii) - A Promissory note, bill of exchange or cheque is payable to bearer which is expressed to be so payable or on which the only or last indorsement is an indorsement in blank.

In general, at least the borrower should sign the promissory note. Depending how much the parties trust each other, you may also wish to have the lender sign as well AND get the signatures notarized.

At its most basic, a promissory note should include the following things: Date. Name of the lender and borrower. Loan amount. Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral? ... Payment amount and frequency. Payment due date. Whether the loan has a cosigner, and if so, who.

Maker or Drawer is the person who makes or draws the promissory note to pay a certain amount as specified in the promissory note. He is also called the promisor.

Note: Additional information is required to title and register a vehicle if you are a new Virginia resident or if you lease your vehicle. Your vehicle must pass an annual safety inspection and display a valid safety inspection sticker before it can be operated in Virginia.

What do I need to register my car in Virginia? Your Virginia car title (if you're new to the state, you'll need to complete the Application for Title and Registration (VSA 17A) The Application for Registration form (form VSA 14)