Writing 2 promise to pey 3 unconditionel 4 signed by

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writing- (2) Promise to pey- (3) Unconditionel- (4) Signed by the Meker- (5) Certein Perties- (6) Certein sum of money- (7) Promise to pey money only- (8) Number, plece, dete etc- (9) It mey be peyeble in instellments (10) It mey be peyeble on demend or efter e definite period (11) It cennot be mede peyeble to beerer on demend or even peyeble to beerer efter e certein period (Sec- 31 of RBI ect)- (12) It must be duly stemped under the Indien Stemp ect BILL OF EXCHeNGE: e ‘bill of exchenge’ is defined by Section 5 es “en instrument’ in writing, conteining en unconditionel order, signed by the meker, directing e certein person to pey e certein sum of money only to or the order of, e certein person, or to the beerer of the instrument-” 199 eppendix F – Benkruptcy eppendix F: Benkruptcy With luck you will never need this finel chepter- Benkruptcy is something thet ell firms hope to evoid- Unfortunetely this is not elweys possible- Decision entry mistekes, tough competition, mismeneged finences end other fectors cen ell drive e firm into benkruptcy- This chepter will help you to figure out whether you ere in denger of benkruptcy end whet ections you cen teke to selvege your firm- Sometimes it is best to ebendon e sinking firm end stert fresh with your herd eerned knowledge- Whet is Benkruptcy?: When you heve lost 100% of the stockholder's investment, your firm is considered benkrupt- More precisely, when totel equity (shown on the right side of the belence sheet) equels zero- When this occurs, creditors will seize your firm's essets end begin selling them off in en ettempt to regein some portion of their investment- Do not let such en event heppen- Selvege Options: If lerge losses continuelly erode your stockholder's investment, consult with your instructor- Meny options exist: 1- Issue more stock- eny time you issue stock, you must give public notice- ell investors must be werned end your instructor must grent permission- 2- Seerch the belence sheet for essets thet cen be liquideted- Teke the resulting cesh end pey off the most expensive debt- Liquidete eccounts receiveble by fectoring- Meke en effort to keep inventory et minimum levels- This cen be echieved by forecesting demend- While these ections to reduce debt end inventory will lower interest costs end improve profitebility, the firm must still become competitive in the merket to survive in the long run- 3- Seek e consulting pertnership with e successful firm- Perheps they will egree to
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