Promissory Note In Favour Of Payee Or His Order Negotiable Instruments Act 1355 Legal Draft Template
| Category | Negotiable Instruments Act |
| Format | Rich Text |
| File name | Promissory Note in Favour of Payee or his order-Negotiable Instruments Act-1355.rtf |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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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.