for $ 1000 in cash and the pronote is in proof of the claim of $ 2000.

for $ 1000 in cash and the pronote is in proof of the claim of $ 2000. And the proof of the fact that a pronote does not carry any value is that if you sell a cart load of wheat for $ 2000 and if the buyer gives you that amount his responsibility ends, but if he gives you a pronote his responsibility does not come to an and he remains indebted to you until he pays the amount of $ 2000. And if the pronote is lost or burnt even then the buyer remains responsible and must pay the price of wheat.

However, if he pays $ 2000 to the seller in cash and the amount is lost or burnt, it is the seller who sustains the loss and the buyer has nothing to do with it. 2845. When a person sells a pronote to a bank or to someone else and the pronote has reality (i.e. it is in order) and there is no blank in it for example if a person sells a commodity to another person for $ 10,000 and takes a pronote for that claim…