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The Legal Significance And Industrial Applications Of Promissory Notes In Contemporary Finance




Yuvraj Singh, Birla Global University

Y. Sai Mohan, Birla Global University


ABSTRACT

Promissory notes are essential but sometimes disregarded documents that have important practical and legal ramifications for both creditors and debtors. They function as diverse financial instruments that span multiple industries and have complex applications and implications. The purpose of this research paper is to clarify the complex structure of promissory notes by dissecting them with great care. Through an exploration of their legal underpinnings, varied applications, and nuanced implications, this article seeks to provide readers with an all-encompassing comprehension of promissory notes' function in modern financial environments.


It aims to demystify the complexities surrounding promissory notes by providing a clear and concise analysis, highlighting their crucial role in enabling credit agreements, business transactions, and personal loans in contemporary financial environments.



Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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