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Promissory Note Payable "With Interest." |
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Free Books / Finance / Canadian Banking Practice / | |
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Promissory Note Payable "With Interest." |
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This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 87. - Is it proper to make a note payable " with interest "without stating the rate?
Answer. - A note in this form is perfectly valid, and interest is due from its date at the legal rate of five per cent.
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