Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for basic promissory note structure and enforceability.
Money-lenders Act (Cap. 188): Regulates money lending practices in Singapore, including interest rate caps and licensing requirements for lenders.
Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumer interests in financial transactions, including loan agreements.
Bills of Exchange Act (Cap. 23): Governs negotiable instruments including promissory notes, defining their characteristics and legal requirements.
Moneylenders Rules: Subsidiary legislation providing detailed regulations on interest rates, fees, and operational requirements for money lending.
Securities and Futures Act: Relevant if the promissory note qualifies as a security or is part of a larger financial arrangement.
Civil Law Act: Provides framework for civil proceedings and enforcement of monetary judgments.
Rules of Court: Procedural rules for enforcing promissory notes through the Singapore court system.
Limitation Act: Sets time limits for bringing legal actions on promissory notes and other contractual claims.
Conveyancing and Law of Property Act: Relevant if the balloon promissory note is secured by real property.
Bankruptcy Act: Governs insolvency proceedings and creditor rights in case of default by the promissory note maker.
