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

Gender roles in society: a global perspective, Gender Roles in Society: A G...

Gender Roles in Society: A Global Perspective: The role of a man and a woman in society is influenced by a variety of factors. These factors vary with the region, religion, cultur

Requirement of overtaking - traffic congestion, Requirement of Overtaking -...

Requirement of Overtaking - Traffic Congestion Most roads and many streets are considered to qualify as two-lane, two way highways on which vehicle frequently slower moving

New Media: Policy and Practice, Do you have solved assignment for unicaf li...

Do you have solved assignment for unicaf liverpool john moores university

Report writing, how to write a report on Customer satisfaction on certain B...

how to write a report on Customer satisfaction on certain Bank?

Interpersonal communication, character attacks are common to which style of...

character attacks are common to which style of handling conflict

Spanish, When doing verb conjugations, there are E to IE and E to I but how...

When doing verb conjugations, there are E to IE and E to I but how do i know which IE or I gets used on a certain verb?

PSY-613, AIn a minimum of 400 words, create a dialogue with a client using ...

AIn a minimum of 400 words, create a dialogue with a client using open-ended questions to determine their needs. Include how you will probe deeper into the needs of the client and

Fees charged to customers in credit cards, FEES CHARGED TO CUSTOMERS Th...

FEES CHARGED TO CUSTOMERS The main fees are for delayed payments or late payments Charges that result in more than the credit limit on the card (whether done deliber

Mollusca, Specific characters of mollusca

Specific characters of mollusca

Negative message, i need to write a negative message here is the case: You...

i need to write a negative message here is the case: You''re one of the owners of a small human resources temp agency: A-1 Accounting Personnel. You and a fellow graduate of Bost

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