what is promissory Note, essentials and precautions in Telugu by advocate sowjanya 

for documents downloaded visit www.advocatesl... Sowjanya M
Advocate Hyderabad
Promissory Note must be in writing
section 4 of negotiable instrument act 1881
the following are the essentials for a valid promissory note
The Promissory Note shall contain a promise to pay and it must be in express term,
Promissory Note is an unconditional under taken,
The sum payable must be certain,
The maker must be certain,
The amount payable shall be money only,
The payee must be certain,
The Promissory Note must contain the signature of the maker,
Promissory Note to be duly stamped,