Question

an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money only to, or to the
order of, a certain person or to the bearer of the instrument.
Options
A Bill of exchange
B Cheque
C Promissory Note
D None of the above

Answer 1

Answer:

(c) Promissory Note

Explanation:

“Promissory note.”—A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.

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