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  • 02 Nov 10

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    Nida Mohammad
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    The document discusses demand promissory notes. It defines a demand promissory note as a written promise by an individual to pay a specific amount of money (principal) to another, usually including interest on the unpaid principal amount. The individual who promises to pay is the maker, and the person to whom payment is promised is the payee or holder. For a demand promissory note to be legally valid, revenue stamps must be pasted on its face and it must be signed in the presence of a witness.

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    02-Nov-10

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    The document discusses demand promissory notes. It defines a demand promissory note as a written promise by an individual to pay a specific amount of money (principal) to another, usually including interest on the unpaid principal amount. The individual who promises to pay is the maker, and the person to whom payment is promised is the payee or holder. For a demand promissory note to be legally valid, revenue stamps must be pasted on its face and it must be signed in the presence of a witness.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    4 views3 pages

    02 Nov 10

    Uploaded by

    Nida Mohammad
    The document discusses demand promissory notes. It defines a demand promissory note as a written promise by an individual to pay a specific amount of money (principal) to another, usually including interest on the unpaid principal amount. The individual who promises to pay is the maker, and the person to whom payment is promised is the payee or holder. For a demand promissory note to be legally valid, revenue stamps must be pasted on its face and it must be signed in the presence of a witness.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    679159949.

    docConfidential Page 1 7/16/2023


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