As stated by A.J. Goodman J. in Mora v. Mora, 2011 ONSC 2965, para. 30, a promissory note is presumptively issued for consideration: There is a presumption that every party whose signature appears on a promissory note received valuable consideration. Any consideration sufficient to support a simple contract may constitute valuable consideration for a promissory note. The presumption of consideration is rebuttable, the onus resting on the party alleging no consideration to establish this fact on the evidence.
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