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A promissory note contains an unconditional:
AUndertaking
BUnderstanding
CUnderwriting
DUndersigning
Answer & Solution
Correct answer: A. Undertaking
1. The maker signs the instrument himself.
2. He binds himself to pay a certain sum.
3. That is an unconditional undertaking.
_Source: The Negotiable Instruments Act, 1881 (India Code)_
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