Facts of the Case Issues in the Case Principles Associated With It Judgement
Tag: Section 4 NI Act
20. Mr. X executes a promissory note in the following form, ‘I promise to pay a sum of Rs.10,000 after three months’. Decide whether the promissory note is a valid promissory note..
Facts of the Case Issues in the Case Principles Associated With It Judgement
19. ‘I promise to pay B Rs.550 and all other sums which shall be due to him’. Is it a promissory note? State reasons.
Facts of the Case Issues in the Case Principles Associated With It Judgement
17. “We have received the sum of Rs.9,000 from shri R.R.Sharma. This amount will be repaid on demand. We have received this amount in cash. Is this a promissory note ?
Facts of the Case Issues in the Case Principles Associated With It Judgement
16. “I of my own free will and accord approached B and borrowed from him the sum of Rs.100 bearing interest at the rate of 2 per cent per mensem. I have, therefore, executed these few presents by way of a promissory note so that it may serve as evidence and be of use when needed” signed by A. Is it a promissory note ?
Facts of the Case Issues in the Case Principles Associated With It Judgement