Contingent Liability Archives - LAW GNAN

21. Mr. X promises by way of a promissory note to pay Mr.Y his partner a sum of Rs.10,000 in the event of latter’s retirement from partnership firm. Decide giving reasons for your answer whether the Promissory Note is a valid promissory note.

Sunny Shettipalli
July 29, 2025
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Facts of the Case Issues in the Case Principles Associated With It Judgement