Q342
_____ is not required in Promissory Note
A.
Acceptance
AnswerB.
Noting
C.
Discounting
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
Acceptance is not required in Promissory Note. It does not require any acceptance because payer is only the maker of the promissory note. It requires acceptance by the drawee or someone else on his behalf as the drawer is not the payer.