What is Promissory note??
Answers
Answer:
In Europe, the modern period had begun much arlier, that is, around 15th century. Their rapid growth in science and tecnnology, created the need for raw materials and other resources to feed their ndustries. This made them to explore other parts of the world for resources and establish trade relations. They used the resources of the other countries and strengthened their own economic and political base, eventually, leading on to govern that country. This came to be known as colonisation, and the countries used for trade became the colonies.This is how the British came to India, as traders and colonised the country. Indian historians also call the modern period in India as the colonial period.
Answer:
A promissory note, sometimes referred to as a note payable, is a legal instrument, in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms