PROMISSORY NOTE: (SECTION 4)
A Promissory note is an instrument in writi cy note) containing an unconditional unde certain sum of money only to, or to the orde of the instrument. Parties:
Maker: The person who makes the pr called the maker.
Payee: The person to whom the payme
Requisites of a Promissory Note:
The promissory note must be in writin
It must contain an undertaking to pay pay.
The promise to pay should be uncond
The promissory note must be signed b
The sum payable must be certain.
The instrument must contain a promi