Promissory note by 3 persons

Querist : Anonymous (Querist) 01 March 2023 This query is : Resolved
Is it possible to execute a promissory note by three persons to one person that they received an amount from him and will pay to him money on demand ?

Follow Query

Report Abuse

Sudhir Kumar, Advocate (Expert) 02 March 2023
please be specific what you want to know

Dr J C Vashista (Expert) 02 March 2023
No.
Promissory Notes have to executed by each borrower.
Consult and engage a local prudent lawyer for appreciation of facts/ documents, professional advise and necessary proceeding.

kavksatyanarayana (Expert) 02 March 2023
I agree with the advice of the senior expert Dr.J.C.Vashista Sir. nothing to add.

P. Venu (Expert) 02 March 2023
What are the facts? what is the context?

Advocate Bhartesh goyal (Expert) 02 March 2023
In my opinion and as per sec 42 & 43 of Indian Contract Act, joint promissory note can br executrd.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now