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Under Section 20, an 'inchoate' instrument is one which is:
AAmbiguous as to its nature
BDrawn payable to bearer
CSigned and duly stamped but wholly or partially blank, giving the holder authority to complete it
DComplete in every respect
Answer & Solution
Correct answer: C. Signed and duly stamped but wholly or partially blank, giving the holder authority to complete it
An inchoate instrument is signed and stamped but left blank or incomplete; the holder has prima facie authority to complete it up to the amount covered by the stamp.
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