In the Coffee News promissory note, what title does William A. Buckley hold?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
re Schedule B and that he/she has been offered an opportunity to obtain legal consultation in connection with the Schedule B and the Promissory Note contained herein before his/her signature.
| IN WITNESS WHEREOF, the parties hereto have executed this Promissory Note contained herein on this day of, 20 | ||
|---|---|---|
| Holder: | Debtor: |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, William A. Buckley is listed as the President of Coffee News USA, Inc. on the promissory note. This document formalizes the debt agreement between Coffee News USA, Inc., as the holder, and the franchisee, as the debtor. Buckley's signature as President signifies his authorization on behalf of Coffee News USA, Inc. in this financial agreement.
As President, William A. Buckley's signature commits Coffee News USA, Inc. to the terms outlined in the promissory note. This includes the responsibilities and rights pertaining to the debt, such as the conditions for repayment, potential default scenarios, and the handling of security interests. The franchisee should understand that Buckley's role ensures the agreement is legally binding for Coffee News.
For a prospective Coffee News franchisee, this information is relevant because it identifies the individual with the authority to represent the franchisor in financial matters related to the franchise agreement. Knowing Buckley's title provides clarity regarding who is officially endorsing the promissory note on behalf of Coffee News USA, Inc.