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Bill of Exchange(BOE)

A promissory ...

Question

A promissory note is drawn by in favour of his _.

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Solution

Debtor, Creditor.

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Q. A, B, C, D and E are partners. A and B executed a promissory note in favour of C. agreeing to pay him a certain sum due to him on taking partnership accounts. Are D and S bound by the promissory note?

Q. A promissory note is a/ an ________.

Q. A person who endorses the promissory note in favour of another is known as Endorser.

Q. A promissory note contains ____________.

Q. Solve.
X, on attaining majority, gave a promissory note in the satisfaction of one executed by him for money borrowed when he was a minor. Is this promissory note valid?

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