heyy guys,
cn any1 explain why d Promissory Note is not payable on demand as per Negotiable Instrunment Act 1881
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Negotiable Instrunment Act 1881
Replies (4)
hey dude nice question
plz tell me also when u get the answer of this question
PROMISSORY NOTE IS -AN instrument in writting ( NOT BANK NOTE OR A CURRENCY NOTE)
A PROMISSORY NOTE CANNOT BE MADE PAYABLE TO BEARER
----AS PER SECTION 31 OF THE RBI ACT 1934-PERMITS ONLY RBI AND CENTRAL GOVT TO MAKE A PROMISSORY NOTE PAYABLE TO BEARER ON DEMAND-
thanx shailesh
PROMISSORY NOTE IS -AN instrument in writting ( NOT BANK NOTE OR A CURRENCY NOTE)
A PROMISSORY NOTE CANNOT BE MADE PAYABLE TO BEARER
----AS PER SECTION 31 OF THE RBI ACT 1934-PERMITS ONLY RBI AND CENTRAL GOVT TO MAKE A PROMISSORY NOTE PAYABLE TO BEARER ON DEMAND-
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