I am very much acquainted with cheques that are mostly used in paying debts or even drafts but recently I learnt about promissory notes and also what makes a promissory note invalid in India. It is basically a document or tool that helps a party to pay its debt to another on a particular date or day. A document that the drawer signs with a promise to pay the payable amount whenever demanded. Get your legal queries answers by NoBroker legal experts
When is a promissory note invalid?
In general a promissory note is valid for 3 years starting from the date of execution. However there are other ways as well by which a promissory note becomes invalid. Let me answer what makes a promissory note invalid in India pointwise for your convenience. Here:
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What Makes a Promissory Note Invalid?
Meghna
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November 8, 2022
2022-11-08T09:11:01+00:00 2022-11-08T09:11:02+00:00Comment
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