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.

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

4. •What
•is
•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

9. • 1.Written
• 2.Promise to pay
• 3.Unconditional
• 4.Money only and a certain sum of
money
• Certainties of parties
• Signed by the maker

10. • 1.Promise to pay a certain sum of
money to a certain person.
• 2.Promise to pay a certain sum of
money to the order of a certain
person
• 3.A promise to the bearer of the
instrument

11. •Personal
•Commercial
•Real Estate
•Investments