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According to the lawsuit by CNBC, Holmes executed several promissory notes during her time as Theranos CEO.
Source: https://www.theguardian.com/technology/2023/mar/19/elizabeth-holmes-owes-25m-to-theranos-lawsuit
Commonwealth Healthcare Corp. chief executive officer Esther L. Muña says the decision to write off promissory notes that were executed before CHCC took over the Medical Referral Services program is only fair.
Source: https://www.saipantribune.com/index.php/muna-decision-to-write-off-promissory-notes-was-only-fair/
“It is not a contract matter, where promissory estoppel in public was applied.
Source: https://theshillongtimes.com/2023/04/10/isnt-arbitrary-sc-junks-plea-challenging-agnipath-scheme/
On June 16, 2023, AP Acquisition issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of $1,725,000 (the "Note") to AP Sponsor LLC (the "Sponsor").
The complaint alleges a breach of oral contract, implied-in-fact contract, common counts and promissory fraud.
Source: https://screenrant.com/the-equalizer-3-movie-antoine-fuqua-lawsuit/
The court also rejected the submission that the doctrine of promissory estoppel, which prevents a person from going back on a promise, would arise in the situation.
“The issuance of promissory notes by the Federal Government to settle some liabilities also contributed to growth in the debt stock,” she said.
These promissory notes are the lenders’ evidence of borrowers’ commitments to repay mortgages, a crucial tool that holds the potential for impressive liquidity optimization.
Source: https://www.chartattack.com/optimizing-financial-liquidity/