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Q: What are disadvantages of promissory notes?
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Where can you find a template for a promissory note for a friend?

The ECSI website has lots of the promissory notes. The ECSI website also has the template which will help in the writing of the promissory note.


Can promissory note be used as escrow deposit?

You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.


What are the Merits and demerits of promissory notes?

higher liquidity, constant assured return on your investment lower returns compared to other investments


Which cheque works just like a currency note?

Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.


Examples of credit instrument?

A credit instrument is something that can be used instead of money. Some examples are promissory notes, checks, and credit cards.

Related questions

What are the release dates for Promissory Notes - 1915?

Promissory Notes - 1915 was released on: USA: 12 November 1915


What has the author Richard B Hagedorn written?

Richard B. Hagedorn has written: 'Secured Transactions in a Nutshell' 'The law of promissory notes' -- subject(s): Promissory notes


Where can you find a template for a promissory note for a friend?

The ECSI website has lots of the promissory notes. The ECSI website also has the template which will help in the writing of the promissory note.


What has the author John Tisdall written?

John Tisdall has written: 'Laws and usages respecting bills of exchange, and promissory notes' -- subject(s): Bills of exchange, Promissory notes


What has the author Edward H Smythe written?

Edward H. Smythe has written: 'The law of bills of exchange and promissory notes' -- subject(s): Accessible book, Bills of exchange, Promissory notes


Is there any type of promissory notes that are amortized over 120 months?

All types of promissory notes can be amortized over 120 months. We can write secured and non secured notes, 1st and 2nd mortgages. car loan etc.


Where does notes receivable go in accounting statements?

Considered to be promissory notes in which the applicant/borrower is entitled to payments.


Why did people refuse to accept promissory notes?

Because nobody like you


Is a certificate of time deposit a special types of promissory notes?

YES


What actors and actresses appeared in Promissory Notes - 1915?

The cast of Promissory Notes - 1915 includes: Fred Aldis as James Cuthbert Peggy Coudray as Patsy McQuade Raymond Russell as Vincent Castleman


Why are promissory notes not reliable?

Promissory notes are not reliable because lenders must find the borrower before payment occurs. If the borrower disappears or leaves the country, the lender might fail to collect the money owed.


What has the author G A Dickinson written?

G. A. Dickinson has written: 'Law relating to bills of exchange, cheques and promissory notes in Australia and New Zealand' -- subject(s): Bills of exchange, Checks, Promissory notes