Promissory Note In Favour Of Payee Or His Order Negotiable Instruments Act 1355 - Legal Draft
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Promissory Note in Favour of Payee or his order
Sd.
I
...
promise to pay to Mr... or his order the sum of Rs... with interest
thereon at the rate of ... per cent per annum on demand in consideration
of full value received.
Dated this ... day of ...
Sd.
Promissory Note Payable by Instalments
I ... promise to pay to Mr... the sum of Rs. ... by four equal instalments,
the first instalment of Rs. ... to be paid on the ... day of .... the second, on
the day of ... the third on the
day of ... and the fourth on the ...
day of ... with interest
thereon at the rate
of...
percent per annum
(the interest to cease on the instalment paid) in consideration of full value
received.
Dated this
...
day of ...
Sd.