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

Consumer Credit Act 1974: Legislation governing consumer lending and regulatory requirements for consumer credit agreements, applicable if the note involves consumer lending

Limitation Act 1980: Governs the time limits for bringing legal actions, generally setting a 6-year limit for simple contracts and debt claims

Financial Services and Markets Act 2000: Regulatory framework applicable if the note involves regulated financial activities

Consumer Rights Act 2015: Legislation protecting consumer rights, applicable if one party to the note is a consumer

Unfair Contract Terms Act 1977: Legislation governing the reasonableness of contract terms in agreements

Common Law - Consideration: Legal principle requiring that something of value must be exchanged for the promise in the note

Common Law - Capacity: Legal principle requiring that all parties must have legal capacity to enter into the contract

Common Law - Intention: Legal principle requiring that all parties must have intention to create legal relations