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Law · Q45

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 45

Q45

Which one of the following is not the essential requirement to fulfil an instrument intended to be a Promissory Note?

A.
The instrument must contain a promise to pay
B.
A mere acknowledgement of indebtedness is sufficient
Answer
C.
The sum of money to be paid must be certain
D.
Promise to pay must be unconditional

Answer: Option B

Solution

Answer: Option B
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