ExamVeda
Login
Home

Which of the following is are true about the Negotiable Instruments...

This question belongs to Commerce Legal Aspects Of Business
Legal Aspects of Business
?

Which of the following is/are true about the Negotiable Instruments Act, the Promissory Note?
1. Definition of Promissory Note is given in section 8 of the Negotiable Instrument Act
2. Containing an unconditional undertaking
3. To pay a certain sum of money only to a specific person or the bearer
4. The seller is bound to accept the promissory note
5. A document was written and signed by the payer/maker

Answer & Solution
Correct Answer: Option B
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Legal Aspects of Business

What is the penalty for publishing images of a person's private parts without consent, as per IT Act 2000?
A. 5 years imprisonment or 5 lakh rupees penalty or both B. Life imprisonment C. 3 years imprisonment or 2 lakh rupees penalty or both D. None of the above
When one person signifies to another his willingness to do or to abstain from doing anything with a view to obtaining the assent of that other person to such act or abstinence, he is said to make a
A. Proposal B. Promise C. Contract D. None of these
What aspect of a patented product is tested by PCT?
A. Priority B. Novelty C. Exclusivity D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements B. Mergers and amalgamation C. Unfair trade practices D. Both A and B
More Related Questions on Legal Aspects of Business