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An instrument which can be interpreted either as a bill of exchange or promissory note is called ----.

AConvertible instruments

BDual-purpose instruments

CHybrid instruments

DAmbiguous instruments

Answer:

D. Ambiguous instruments

Read Explanation:

Complete instrument Bill:

  • A negotiable instrument which is complete in all it's particulars it is called a "Complete instrument Bill".

Ambiguous instruments:

  • An instrument which can be interpreted either as a bill of exchange or promissory note is called Ambiguous instruments. 


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