The payer and drawer of the promissory note are the same person, so the promissory note only has the function of settlement, but not financing. If it is a commercial promissory note, low pressure is generally not allowed.

The drawer himself unconditionally pays a certain amount of money to the payee on the due date. This kind of bill only involves the drawer and the payee. The drawer issues a promissory note and undertakes the obligation of payment.

A promissory note should generally include the words "promissory note", unconditional payment promise, payee or its designee (if there is no payee name, the holder is the payee), payment amount, date and place of issue, date and place of payment, signature of the drawer, etc.

Promissory notes can be divided into registered promissory notes and bearer promissory notes according to whether the name of the payee is recorded on the face. According to the maturity date of the face, it can be divided into fixed promissory notes and sight promissory notes. A promissory note does not need to be accepted, and the drawer shall bear the responsibility for payment after it is issued.

Extended data

(1) Presentation for payment: When the bearer presents a promissory note, the drawer of the promissory note must bear the responsibility for payment.

(2) The longest payment period shall not exceed 2 months.

(3) Rights related to timely payment. Presenting a promissory note to the drawer for the first time is the first right of claim, and it is a necessary procedure to recover from other debtors of the promissory note. If a promissory note is not presented in time, the holder cannot recover his previous hand.

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