Negotiable Instruments Act, 1881, Section 4, 118 -- Promissory note - Does not require to be attested...........
Negotiable Instruments Act, 1881, Section 4, 118 -- Promissory note - Recovery suit - Defendant denied his signature in suit promissory note - Burden therefore, lay on plaintiff to establish that suit promissory note was actually executed by defendant - Though, promissory note does not require registration, however, promissory note in question is attested by two witnesses..........
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) If the instrument is payable to order..........
Negotiable Instruments Act, 1881, Section 4, Stamp Act, 1899, Section 2(5), 2(22) -- Promissory note and bond - Distinction - There are three distinguishing features, viz. (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..........
Stamp Act, 1899, Section 2(22), 2(S)(b), Negotiable Instruments Act, 1881, Section 4 -- Promissory note or bond - Instrument in question attested by a witness and not payable to order or bearer - Signed by maker promising to repay the amount borrowed to lender without interest immediately after Deepavali or Ugadi - Held, document in question is a bond and not promissory..........
Promissory note -- Promissory note or bond - Distinction - Instrument attested by witnesses and not payable to order or bearer is a bond - Instrument in question held to be bond and not promissory note in view of the said features. (Indian Stamp Act, 1899, S.2(5)(b) and 2(22), Negotiable Instruments Act, 1881, S.4.)..........
Negotiable Instruments Act, 1881, Section 4 -- Promissory note is not re-quired to be attested - If it is attested by witnesses it will not make the same any less a promissory note if the instrument is made payable to order or bearer. (Stamp Act, 1899, S.2(22), 2(5)(b)...........
