Agreement

jains (Querist) 23 September 2015 This query is : Resolved
two persons executed a promissory note to me and stated in it that 1st portion of money will be paid with in a specified date and the balance amount will be paid in another date. this specification of dates of payment in it will affect its nature as a promissory note.

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P. Venu

(Expert) 24 September 2015
What is your query?

Rajendra K Goyal (Expert) 24 September 2015
Whether this is an agreement or Promissory note?

Dr J C Vashista (Expert) 26 September 2015
Produce the document before a local prudent lawyer for proper professional analyses, guidance, advise and proceeding, otherwise it is a commercial query.

jains (Querist) 26 September 2015
stating dates of payments in the promissory note will change its status as promissory note. In the current promissory note it is stated that we will pay 50000/- with in 23/4/2016 and balance 50000/- with in 25/6/2016. is this statement in the promissory note is a condition

jains (Querist) 26 September 2015
whether a statement containing dates of payment will change the nature of promissory note to an agreement.

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