A promissory note, in its simplest form, is an instrument by which a Borrower (the Maker) acknowledges its obligation to repay the Lender (the Payee). Historically, Lenders required Borrowers to enter ...

As per Section 13(a) of the Act, “Negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer, whether the word “order” or “ bearer” appear on the ...

A negotiable instrument is a written promise to pay an individual a stated amount of money. The documents are negotiable because the money goes to whoever holds the note, regardless of who originally ...

The Negotiable Instruments Act, 1881 is a significant law that governs the use of negotiable instruments in India. It provides for the regulation of promissory notes, bills of exchange, and cheques.

The Fourth District Court of Appeal recently held that a promissory note is a negotiable instrument even though it references provisions in the mortgage. Onewest Bank, FSB v. Jose Nunez, Case No. 4D13 ...

Section 4 of the Negotiable Instruments Act 1881, states that, “A promissory note is an instrument in writing containing an unconditional undertaking, signed by the maker, to pay a certain sum of ...