Question 2. - An accommodation note is offered for discount drawn on a lien note form. Is this valid? If so is it necessary to affix a stamp?

Answer. - It is taken that the document is intended to be an ordinary promissory note, but is drawn on a lien note form and no chattel is involved in the transaction. It is probably a valid promissory note, and, if so, requires a stamp, but a note in such form leaves the way open, at least, to dispute, and it would be safer to require that a regular promissory note be substituted for it.