promissory note example

promissory note example
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Real estate question. Can a person be on the promissory note and not on the deed of trust?

Description : Real estate question. Can a person be on the promissory note and not on the deed of trust?

Last Answer : Yes, anytime one person co-signs for someone else, they are on the promise to pay. They don't have to have any ownership in the property (real estate as well as auto). This is usually done ... who signs off a quit-claim deed in the mistaken belief that gets them out of responsibility for the debt.

Why is a rose-bud like a promissory note? -Riddles

Description : Why is a rose-bud like a promissory note? -Riddles

Last Answer : It matures by falling dew.

Promissory Note Due on Demand?

Description : Promissory Note Due on Demand?

Last Answer : Get StartedThe Due on Demand Promissory Note is a document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing ... "on demand," meaning it must be paid immediately by the Borrower upon request by the Lender.

Promissory Note Due on a Specific Date?

Description : Promissory Note Due on a Specific Date?

Last Answer : Get StartedThe Due on a Specific Date Promissory Note is a document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party ... Specific Date Promissory Note must be repaid by the Borrower to the Lender on a specified due date.

Promissory Note - Due on Demand (Personal)?

Description : Promissory Note - Due on Demand (Personal)?

Last Answer : Get StartedA Due on Demand Promissory Note specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing the loan funds is the ... Note is payable "on demand." In other words, payable immediately at the request of the Lender.

Promissory Note with Balloon Payments?

Description : Promissory Note with Balloon Payments?

Last Answer : Get StartedA Balloon Payment Promissory Note is a written document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" ... be used to enter the basic financial information.A Balloon Payment Promissory Note gives Borrowers an opportunity

Promissory Note Default Notice?

Description : Promissory Note Default Notice?

Last Answer : Promissory Note Default Notice(Download)____________________________________________________________________________________________________________________Re: Promissory note dated _______________Amount due as of this date: $ _______Dated: ... for full payment of the entire balance due on said

Promissory Note Assignment?

Description : Promissory Note Assignment?

Last Answer : Promissory Note Assignment(Download)WHEREAS, ____________, is the owner and holder of the following described promissory note:Maker(s): __________________________Face amount: $_______(______________&___/100 dollars) ... a promissory note.1. Make multiple copies. Give one to each related party.

Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?

Description : Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?

Last Answer : Nevermind I found it but I can't delete the question so I guess Ill just to leave it.

A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________ A. Power of Attorney B. Promissory Note C. Purchasing Power Parity D. None of the Above

Description : A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________ A. Power of Attorney B. Promissory Note C. Purchasing Power Parity D. None of the Above

Last Answer : B. Promissory Note Explanation: A promissory note is a legal instrument in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee)

The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above

Description : The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above

Last Answer : C. Promissory Note Explanation: The section 4 of the Negotiable Instruments Act, 1881 deals with Promissory Note.

Define Promissory note?

Description : Define Promissory note?

Last Answer : Negotiable instrument act 1881 defines a promissory note as “an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money only, to or to the order of a certain person”.

Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Description : Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Last Answer : C. Every promissory note

Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Description : Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Last Answer : B. A bill of exchange

To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Description : To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Last Answer : A. Holder of the instrument

In a promissory note, the amount of money payable A. Must be certain B. May be certain or uncertain C. Is usually uncertain D. None of the above.

Description : In a promissory note, the amount of money payable A. Must be certain B. May be certain or uncertain C. Is usually uncertain D. None of the above.

Last Answer : A. Must be certain

A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity A. On the 30th day after the day on which it is expressed to be payable B. On the 3rd day after the day on which it is expressed to be payable C. On the 5th day after the day on which it is expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.

Description : A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity A. On the 30th day after the day on which it is expressed to be ... expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.

Last Answer : D. On the 4th day after the day on which it is expressed to be payable.

If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.

Description : If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.

Last Answer : A valid instrument

The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof B. The payment by a bank on a negotiable instrument after due verification of the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above.

Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above

Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof

Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Description : Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Last Answer : D. None of the above.

Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note

Description : Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note

Last Answer : a. ICD

What was Texas issued promissory notes called?

Description : What was Texas issued promissory notes called?

Last Answer : Need answer

What are credit promissory bill of exchange of letter credit?

Description : What are credit promissory bill of exchange of letter credit?

Last Answer : What is the answer ?

Which one of the following is not a valuable security? a) A postal receipt for an insured parcel b) A rent notec) A promissory noted) A deed of divorcee

Description : Which one of the following is not a valuable security? a) A postal receipt for an insured parcel b) A rent note c) A promissory note d) A deed of divorcee

Last Answer : d) A deed of divorcee

Government promissory notes received for safe Custody must record at -------------- in a register in Form Sec 19 a. Once b. Twice c Once in a month

Description : Government promissory notes received for safe Custody must record at -------------- in a register in Form Sec 19 a. Once b. Twice c Once in a month

Last Answer : a. Once

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : (3) Cheque Explanation: On the basis of acceptability, money has been classified into legal tender and optional money. Legal tender money is enforced by law. Optional money is that money which may ... Different credit instruments, like, cheques, bank drafts, etc., are the examples of optional money.

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : Cheque