Chapter IHTM19120

Published date20 March 2016
Record NumberIHTM19120
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

Bills of exchange, promissory notes and IOUs are only rarely seen as debts to an estate - although you might come across a debt of this type in connection with a loan to a family member. If the holder of a bill of exchange or of a promissory note either unconditionally renounces their rights in writing, or delivers the instrument to the person liable, this discharges the obligations of the acceptor or promissor, even though no consideration is received. So this is an exception to the rule...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT