1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Partner’s Implied Authority b) Acts Done Beyond Implied Authority c) […]
Tag: promissory note
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.
Facts of the Case Issues in the Case Principles Associated With It Judgement
36. The holder of a promissory note for Rs.1,000 writes on it “Pay B Rs.500” and endorses the note. Explain the consequential developments.
Facts of the Case Issues in the Case Principles Associated with It Judgement
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
11. ‘X’ is an indigent person. He wants to file a suit against ‘X’ for recovery of Rs. one lakh based on a promissory note. What is the procedure that he should follow?
Facts of the Case Issues in the Case Principles Associated With It Judgement