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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. 


Related Questions:

An Inland Bill of Exchange is drawn in India and if payable in India, it can be paid by ----.
The ---- of a promissory note is the date on which it falls due.
When a foreign bill is drawn abroad, then it can be made payable by ----.
--- is a negotiable money market instrument issued in a dematerialized form or usance promissory note, against the fund deposited in a bank or other eligible financial institutions issued for a period of time.
The Negotiable Instruments Act came into force in the year: