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

Discovery and invention of blue-native page, Discovery and invention of Blu...

Discovery and invention of Blue-Native Page (BN- PAGE) BN- Page is the most efficient non-denaturing gel system which came up with the challenge of separating different kinds o

Exploring the 1960s., The 1960s represented an era of significant economic ...

The 1960s represented an era of significant economic growth for Americans. Some economists argue that the early 1960s began the consumerism that defines American culture today. To

What is meant by government relations, Question 1 What is the meaning of '...

Question 1 What is the meaning of 'publicity'? How does it differ from 'PR'? Explain Question 2 What is meant by Government relations? Explain Question 3 Write a long no

Write a long note on planning evaluation, Question 1 What are the parts of...

Question 1 What are the parts of a research report? Explain in full Question 2 What are the uses of content analysis and what are the limitations of the same? Discuss

Ethical principles of social care counsellors, Question 1: "Substance a...

Question 1: "Substance abuse counsellors advise people who have alcoholism or other types of addiction, eating disorders, or other behavioural problems. They provide treatment

Scientific activity?, Describe the factors which decide the broad area of S...

Describe the factors which decide the broad area of Scientific activity?

Credit cards and smart cards-e commerce payment system , CREDIT CARDS AND S...

CREDIT CARDS AND SMART CARDS Over the years, credit cards have roll out to be one of the nearly all common forms of payment for e-commerce transactions. In the before time year

Explain how the definition of csr, "There is only one social responsibility...

"There is only one social responsibility of business: to use its resources and engage in activities designed to increase its profits" (a) Explain how the definition of CSR has

Describe the term supervision, Question 1: (a) Explain the five main pu...

Question 1: (a) Explain the five main purposes of code of ethics in counseling. (b) Explain how attitude and orientation of a counselor in any psychotherapy is of highly i

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