Question

Consider the following statements and find out the correct one.

1. Bill of Exchange is an unconditional order
2. In the case of a promissory note there is no notice is required to the maker

• A. i only
• B. None of these
• C. All of these
• D. ii only

Answer 1

Answer:

C. All of these

A "bill of exchange" is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.