A promissory note, in its simplest form, is an instrument by which a Borrower (the Maker) acknowledges its obligation to repay the Lender (the Payee). Historically, Lenders required Borrowers to enter ...

The Fourth District Court of Appeal recently held that a promissory note is a negotiable instrument even though it references provisions in the mortgage. Onewest Bank, FSB v. Jose Nunez, Case No. 4D13 ...

As per Section 13(a) of the Act, “Negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer, whether the word “order” or “ bearer” appear on the ...

All of us know what does the term ‘loan or debt’ mean. A loan is a debt evidenced by an agreement which specifies, among other things, the principal amount, interest rate and date of repayment. In a ...

Filling up a cheque or similar handwritten payment instrument? Ensure that you fill up the entire instrument using a single ink. Section 87 of the Negotiable Instruments Act, 1881, which governs ...

Section 4 of the Negotiable Instruments Act 1881, states that, “A promissory note is an instrument in writing containing an unconditional undertaking, signed by the maker, to pay a certain sum of ...