alleryStart learning →An instrument in writing with an unconditional undertaking by its maker to pay a sum is a:
AA bank cheque
BA hundi of trade
CPromissory note
DBill of exchange
Answer & Solution
Correct answer: C. Promissory note
A written, signed, unconditional promise by the maker to pay a certain sum to a certain person or bearer is what Section 4 calls a promissory note.
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Related questions
The Negotiable Instruments Act was passed as Act No. 26 of the year:The 2002 amendment of the Act inserted new sections numbered:Criminal liability for cheque dishonour entered the Act through an amendment of:Interim compensation in cheque dishonour cases was added by the Act of:Interim compensation under Section 143A must ordinarily be paid within:Interim compensation under Section 143A cannot exceed what share of the cheque?Cheque dishonour trials under the Act should aim to end within:Which court may try a Section 138 offence?