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Under Section 4, a 'promissory note' is an instrument in writing containing an unconditional:
AOrder by the drawer to a drawee
BRequest to a bank to pay on demand
CUndertaking signed by the maker to pay a certain sum of money
DAcknowledgement of a debt
Answer & Solution
Correct answer: C. Undertaking signed by the maker to pay a certain sum of money
Section 4 defines a promissory note as a written, signed, unconditional undertaking by the maker to pay a certain sum of money to or to the order of a certain person, or to the bearer.
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