A has taken 500 rs. Loan from b and a gives a promissory note and a pr

1.	A has taken 500 rs. Loan from b and a gives a promissory note and a promises to pay rs. 500 to b on the marriage day of b. Is it a valid promissory note
Answer» Answer: S writes "I promise to PAY 'B' a sum of Rs.500, seven DAYS after my marriage with 'C"'. Is this a promissory note? Sol: Promissory note can be BASED on future EVENT. The event should be certain, but date on which it will happen need not be certain.

A has taken 500 rs. Loan from b and a gives a promissory note and a promises to pay rs. 500 to b on the marriage day of b. Is it a valid promissory note

Answer»

Answer:

S writes "I promise to PAY 'B' a sum of Rs.500, seven DAYS after my marriage with 'C"'. Is this a promissory note? Sol: Promissory note can be BASED on future EVENT. The event should be certain, but date on which it will happen need not be certain.

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A has taken 500 rs. Loan from b and a gives a promissory note and a promises to pay rs. 500 to b on the marriage day of b. Is it a valid promissory note

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