文档介绍：1 Promissory Notes Promissory Notes An unconditional promise in An unconditional promise in writing, writing, made made by one person to by one person to another, another, signed by the signed by the maker, maker, engaging to pay on demand or at a fixed or engaging to pay on demand or at a fixed or determinable future time a sum certain in determinable future time a sum certain in money, money, to or to a specified person or to bearer to or to a specified person or to bearer Page: Page: 321 321 2 Essentials to a promissory note Essentials to a promissory note 1) 1) The words The words ““ Promissory note Promissory note ”” clearly indicated clearly indicated 2) An unconditional promise to pay 2) An unconditional promise to pay 3) Name of the payee or his order 3) Name of the payee or his order 4) Maker 4) Maker ’’ s signature s signature 5) Place and date of issuing 5) Place and date of issuing 6) Tenor of payment 6) Tenor of payment 7) A certain amount of money 7) A certain amount of money Page: Page: 322 322 3 Difference between a promissory note and a Difference between a promissory note and a bill of exchange bill of exchange Promissory note Bill of exchange an unconditional order an unconditional order an unconditional promise an unconditional promise drawer , drawer , drawee drawee , payee , payee maker , payee maker , payee acceptance acceptance no acceptance no acceptance protest protest no protest no protest duplicate duplicate single single 4 Cheques Cheques An An unconditional unconditional order in order in writing, writing, addressed by addressed by the customer the customer to a to a bank, bank, signed signed by that by that customer, customer, authorizing authorizing the bank to pay the bank to pay on demand on demand a sum a sum certain in money to or to a specified person or to certain in money to or to a specified person or to bearer bearer