Explain the essential requisites of a promissory note, Other Subject

Assignment Help:

(a) "A promissory note is an instrument in writing (not being a blank or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument".

Required:

Explain the essential requisites of a promissory note.

(b) "A Bill of Exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money and money only to or to the order of a certain person or to the bearer of the instrument".

Required:

Distinguish between a ‘Bill of Exchange' and a ‘Promissory note'.


Related Discussions:- Explain the essential requisites of a promissory note

Define eriksons eighth stage of development for later life, Question: (...

Question: (a) Explain two strategies that may prevent/reduce health problems in older adults. (b) Define Erikson's eighth stage of development for later life. (c) Su

Coding and billing, A 4-year-old new patient presents for the removal os s...

A 4-year-old new patient presents for the removal os sutures made for an appendectomy 10 days earlier in another city. The physician conducts a brief history and examination prior

Safety Homework help, I have a homeworks to be done from a safety textbook....

I have a homeworks to be done from a safety textbook. All that needs to be done is to read the chapter and answer the questions at the end of the book usually 20 questions per chap

Interchange of traffic across an internet exchange point, INTERCHANG E OF ...

INTERCHANG E OF TRAFFIC ACROSS AN INTERNET EXCHANGE POINT A connection to an IXP does not by itself reason any traffic to be exchanged; it is a physical attendance on a common

Leadership, Ask questioThe initial investment in the project is estimated t...

Ask questioThe initial investment in the project is estimated to be $210,000 in year 0 of the project. Terra Nova Inc. requires a discount rate of 11%. It is anticipated project fu

Basic principles of information security - non-repudiation, Non-Repudiation...

Non-Repudiation In law, non-repudiation involves one's purpose to fulfill their responsibilities to a contract. It also implies that one party of a transaction cannot reject ha

Digital electronics and microprocessor, Write a control word for counter 1 ...

Write a control word for counter 1 of 8253 / 8254 that selects the following options: load least significant byte only, mode 5 of operation and binary counting. Then write an instr

Difficulties in accessing health services, Difficulties in Accessing Health...

Difficulties in Accessing Health Services in Rural Areas and Remote Australia Health facilities in rural areas and remote Australia are mostly inaccessible because they are lo

Legals question, Ask question 1. Two truck drivers for a moving company, wh...

Ask question 1. Two truck drivers for a moving company, while loading a desk, found $1000 that had fallen out of the desk. They knew who the owner was but instead of returning it

#bumhole, can i haz a tatto instead of bum haair

can i haz a tatto instead of bum haair

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd