Ads
related to: promissory notes template worduslegalforms.com has been visited by 100K+ users in the past month
- Popular Form Categories
US Legal Documents by Category
Affidavits, Real Estate and Other
- Real Estate Forms
Home Sales, Contract for Deed
State Specific Real Estate Forms
- Localized Forms
Forms for States, Cities & Counties
Get Legal Forms for Your State
- Landlord Tenant Forms
Commercial, Residential Lease Forms
State Specific Landlord Tenant Docs
- Popular Form Categories
Search results
Results from the WOW.Com Content Network
A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), [1] subject to any ...
According to section 4 of India's Negotiable Instruments Act, 1881, "a Promissory Note is a writing (not being a bank note or currency note), containing an unconditional undertaking, signed by the maker to pay a certain sum of money only to or to the order of a certain person or the bearer of the instrument". [14]
It uses negotiable instruments as an example of formal contracts, such as: checks, drafts, promissory notes, and certificates of deposit. These examples are all required to have special formation under the Uniform Commercial Code. [3]
It began as a means for merchants to exchange heavy coinage for receipts of deposit issued as promissory notes from shops of wholesalers, notes that were valid for temporary use in a small regional territory. In the 10th century, the Song dynasty government began circulating these notes amongst the traders in their monopolized salt industry ...
In the United States, under the Uniform Commercial Code, a negotiable instrument (such as a check or promissory note) that is payable to the order of "bearer" or "cash" may be enforced (i.e. redeemed for payment) by the party in possession. The payee (i.e. the person named in the "pay to" line) may also convert an instrument into a bearer ...
promissory note; environmental indemnity; trust deed; mortgage; guaranty; Some of these documents can contain as many as 80 to 100 pages, with hundreds of optional paragraphs and data elements. Document automation software has the ability to automatically fill in the correct document variables based on the transaction data.
Ads
related to: promissory notes template worduslegalforms.com has been visited by 100K+ users in the past month