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Commerce · Q345

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 345

Q345

According to Section 4 of Negotiable Instrument Act, this is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments. Which instrument is being talked here?

A.
Promissory Note
Answer
B.
Cheque
C.
Hundi
D.
All of the above

Answer: Option A

Solution

Answer: Option A
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