"I owe you ₹50,000".Is it a promissory note??? Plzzzz tell me
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Here is your answer.......
It is not promissory note because it is merely an acknowledgement of debt and there is no promise to pay.
It is not promissory note because it is merely an acknowledgement of debt and there is no promise to pay.
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No, it's not a promissory note because it has s a merely an acknowledgement of debt and there is no promise to pay.
This type of question will ask in together of this promissory...the question is -
Write two distinction between Bill of exchange and promissory note. The basis of distinction are : Order and Promise & Acceptance..
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