Promissory note -Banking and insurance policy
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This document summarizes a group project on promissory notes. It defines a promissory note as a written promise to pay a certain sum of money, unconditionally, to a specific person or order. The document includes an example promissory note between Md. Tonmoy and Mr. Tahsin Ahamed for $100,000 to be paid five months after the date, and lists some key characteristics and uses of promissory notes.
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- 2. Group leader Tonmoy Zahid Rishad-412 Members…. • 2.Tahsin Ahamed-400 (General Secretory) • 3.Shohan Ahamed-414 • 4.Tanzila Zarin-360 • 5.khaleda Akter-354 • 6.Nusrat Oditi-358
- 3. Our topic : Promissory note
- 5. •Promise + written content on a note=Promissory notes
- 6. • Instrument • Unconditional undertaking • Signed • Certain sum of money • Order • Person • Bearer • Instrument
- 8. PROMISSORY NOTE UNDER SEC.4, NEGOTIABLE INSTRUMENTS ACT, 1881 IN WHICH NO INTEREST IS CONTEMPLAIED AND NO TIME FOR PAYMENT IS MENTIONED Mr.Tahsin Ahamed 113, Janak Puri $1, 00,000 Ambala Cantt. Stamp 5January, 2017 Five month after date I promise to pay Mr.Tonmoy or order, the sum of Taka one lakhs only for value receives. Signed To Mr.Tahsin Ahamed Md.Tonmoy 236/2, Mall road Khulna
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