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Substituted by Act 8 of 1919, sec. 3, for sub-section (1).
2. Ins. by Act 5 of 1914, sec. 2.
4. "Promissory note".- A "promissory note" is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument
A sign instrument in the following terms:
(a) "I promise to pay B on order Rs. 500".
(b) "I acknowledge myself to be indebted to B in Rs. 1, 000, to be paid on demand, for value received."
(c) "Mr. B, I.O.U Rs. 1,000...
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