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Under Section 5, a 'bill of exchange' contains an unconditional:
AOrder signed by the maker directing a certain person to pay a certain sum
BAcknowledgement of liability
CPromise payable only on demand
DUndertaking by the maker to pay
Answer & Solution
Correct answer: A. Order signed by the maker directing a certain person to pay a certain sum
A bill of exchange is a written, signed, unconditional order by the drawer directing the drawee to pay a certain sum to or to the order of a person, or to the bearer.
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