I. – The promissory note contains;
1° The promissory clause or the name of the security inserted in the text itself and expressed in the language used for the drafting of this security;
2° The pure and simple promise to pay a specified sum;
3° The indication of the due date ;
4° That of the place where payment is to be made;
5° The name of the person to whom or to whose order payment is to be made;
6° An indication of the date and place where the note is subscribed;
7° The signature of the person issuing the security referred to as the subscriber.
II. – A promissory note whose maturity is not indicated is deemed to be payable at sight.
III. – In the absence of any special indication the place of creation of the instrument is deemed to be the place of payment and, at the same time, the place of domicile of the subscriber.
IV. – A promissory note which does not indicate the place of its creation is deemed to be subscribed in the place designated next to the name of the subscriber.