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Law · Q80

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 80

Q80

A' signs an instrument in writing as under 'On demand, I promise, I promise to pay 'B' the sum of Rs. 10,000'. What is this called?

A.
Bill of exchange
B.
Simple note
C.
Promissory note
Answer
D.
Cheque

Answer: Option C

Solution

Answer: Option C
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