Negotiable Instrunment Act 1881

Civil law 1677 views 4 replies

heyy guys,

cn any1 explain why d Promissory Note is not payable on demand as per 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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