Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Promissory Note and Bill of Exchange Obligations: Makers and Acceptors Must Pay at Maturity, Compensate for Loss if Defaulted.</h1> In the absence of a contrary agreement, the maker of a promissory note and the acceptor of a bill of exchange are obligated to pay the specified amount at maturity according to the note or acceptance's apparent tenor. If the acceptor fails to pay at or after maturity, they must compensate any party to the note or bill for any resulting loss or damage.
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