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Bills of Exchange Act 1882: Fundamental legislation governing negotiable instruments in the UK, defining requirements for valid promissory notes and setting out rights and obligations of parties

Law of Property Act 1925: Key legislation relevant for security interests and enforcement mechanisms, particularly important for recourse provisions in promissory notes

Consumer Credit Act 1974: Regulates credit agreements and consumer protection, applicable if the promissory note involves consumer lending

Limitation Act 1980: Governs time limits for bringing claims, typically setting a 6-year limitation period for contract claims

Contracts (Rights of Third Parties) Act 1999: Legislation governing assignability and third-party rights in contractual arrangements

Contract Law Fundamentals: Common law principles including offer and acceptance, consideration, intention to create legal relations, and capacity to contract

Doctrine of Holder in Due Course: Common law principle governing the rights and protections afforded to holders of negotiable instruments

Partial Recourse Provisions: Specific legal requirements for defining limited recourse provisions, circumstances triggering full recourse, and enforcement mechanisms in partial recourse arrangements