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A promissory note must contain all of the following EXCEPT:
ANames of two attesting witnesses (mandatory)
BA definite sum of money
CAn unconditional undertaking to pay
DSignature of the maker
Answer & Solution
Correct answer: A. Names of two attesting witnesses (mandatory)
1. Section 4 — a promissory note requires (a) unconditional undertaking, (b) signed instrument, (c) sum certain, (d) payable to or to the order of a person or bearer.
2. Attesting witnesses are NOT a statutory requirement of a promissory note.
3. Hence (C).
_Source: ICAI BoS CA Inter Paper 2 — Negotiable Instruments Act 1881_