Chalo Le Chalein Tumhein Taaron Ke - Jubin Nautiyal, Neha Kakkar | Lyrics | Mp3 Download

Title Name  - Taaron Ke Shehar Cast/Starring - Neha Kakkar & Sunny Kaushal Singer Name - Jubin Nautiyal And Neha Kakkar Lyr...

What is Capacity of Parties

Capacity of Parties

person  capable of entering into contract may behind himself and be bound by making drawing, accepting, endorsement, and negotiable instrument.

Position of Person

  • minors.
  • persons f unsound mind.
  • insolvent.
  • corporation of companies
  • agent .
  • partners.
  • joint Hindu family .
  • legal representative.
  • endorsement by legal representative .

Parties to a promissory note

  • the maker - the person who makes promissory note
  • the payee - the person who payment is to be made is called payee
  • the holder - the origin payee or any other person to whom the payee has indorsed the instrument .
  • the Endorser -who transfers  the instrument
  • the indorsee -whom instrument is indorsee
  • the drawer - the person who draws the bill
  • the drawee - the person whose bill is drawn







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