Promissary notes DO discharge debts

There are a number of methods used to settle payment in Japan: cash in advance, letterof credit used in conjunction with a documentary draft (time or sight), promissory note,documentary collection or draft, open account and consignment sales. As with U.S.domestic transactions, a major factor in determining the method of payment is thedegree of trust in the buyers ability and willingness to pay. (i got this information from a source i dont wanna divulge at this time.) its straight from the japanese governments mouth

[4Integrity]

I used the VOD process from CTC3 two years ago against Cap1 Auto. I just simply went online and got the CFOs address and I went to work, dealing with him directly. I relocated at the time so they couldn't grab the car (2002 BMW). I just got a credit report and it lists that the car was "payed off by collateral." The process involved sending a newly endorsed promissory note, which of course they accepted after being forced.