Showing : 1-5 of 5 Results

MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Negotiable Instruments Act, 1881, Section 4, Stamp Act, 1899, Section 2(22)-- Promissory note - Essentials of a promissory note are: (1) An unconditional undertaking to pay; (2) The sum should be a sum of money and should be certain; (3) The payment should be to the order a person who is certain, or to the bearer of the instrument; and (4) The maker should sign it - If..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Stamp Act, 1899, Section 2(5)-- Bond - Essentials of a bond are : (1) There must be an undertaking to pay; (2) The sum should be a sum of money but not necessarily certain; (3) The payment will be to another person named in the instrument; (4) The maker should sign it; (5) The instrument must be attested by a witness; and (6) It..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Stamp Act, 1899, Section 2(22), 2(5)-- Promissory note and bond - Three distinguishing features are : (i) If money payable under the instrument is not certain, it cannot be a promissory note, although it can be a bond; (ii) If the instrument is not attested by a witness, it cannot be a bond, although it may be a promissory note; (iii)..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Transfer of Property Act, 1882, Section 3, Succession Act, 1925, Section 63(c)-- Attest - Essential conditions of a valid attestation are : (1) Two or more witnesses have seen the executant sign the instrument or have received from him a personal acknowledgment of his signature, (2) with a view to attest or to bear witness to this fact each of them has signed the instrument in..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Transfer of Property Act, 1882, Section 3, Succession Act, 1925, Section 63(c)-- Attest - Notary - By affixing his seal renders only authenticity to the document - He is not animo attestandi - No doubt Notary attests the document but he is not an attesting witness...........

Showing : 1-5 of 5 Results