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Question
What is an example of a promissory note?
What is an example of a promissory note?
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Solution
A basic promissory note may be for a single amount reimbursement on a specific date. For instance, you loan your companion rupees 10,000 and he consents to reimburse you by December 10. The entire amount is expected on that date, and there is no installment plan included.
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A basic promissory note may be for a single amount reimbursement on a specific date. For instance, you loan your companion rupees 10,000 and he consents to reimburse you by December 10. The entire amount is expected on that date, and there is no installment plan included.
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