Q67
A' signs instruments in the following terms, which instruments are promissory note under Section 4 of the Negotiable Instruments Act, 1881?
A.
I promise to pay 'B' or order Rs. 500/- to be paid on demand
AnswerB.
I promise to pay 'B' Rs. 5000/- and all other some which shall be due to him
C.
I promise to pay 'B' Rs. 5000/- first deducting there out any money which he may own me
D.
I promise to pay 'B' Rs. 5000/- ten days after my marriage with 'C'
Answer: Option A
Solution
Answer: Option A
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