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

Birth of museology, Birth of museology: It is the study of the "museum exp...

Birth of museology: It is the study of the "museum experience" seen both through the eyes of the institution, and the visitor. The motivation factors for both of the groups that r

What are the benefits of doing a job safety analysis, Question 1: A joi...

Question 1: A joiner has received an electric shock from a portable electric, 230 V drill while fitting decorative ceiling board to the lounge of a Guest House. The drill is fi

Business process orientation (bpo), BUSINESS PROCESS ORIENTATION (BPO) ...

BUSINESS PROCESS ORIENTATION (BPO) The idea of BPO is used consistently with Server markets. The idea of business process orientation (BPO) is stand upon the work of Deming (Wa

Describe language development in deaf children, Describe language developme...

Describe language development in deaf children. How is it similar, in the early stages, to language development in hearing children? What is "homesign" and what does it suggest abo

Report for owner of store, you work for subway and you want report of what ...

you work for subway and you want report of what sandwichs were sold the most of within 6 months?

Legal process of disclosure concerning therapy, Question: (a) "In coun...

Question: (a) "In counseling, there is rarely any convergence in the legal and ethical structure" Critically assess the validity of this statement (b) Does the legal proce

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