The undertaking contained in a promissory note, to pay a certain sum of money is
A) Conditional
B) Unconditional
C) May be conditional or unconditional depending upon the circumstances
D) None of the above.
Correct Answer:
Verified
Q15: Memorandum of association governs the relationship of
Q16: The association clause of a public company
Q17: Quorum should be present at the
A)Commencement of
Q18: Total managerial remuneration cannot exceed _% of
Q19: When a private company is converted into
Q21: A bill of exchange contains a/an
A)Unconditional undertaking
B)Unconditional
Q22: Cheque is a
A)Promissory note
B)Bill of exchange
C)Both (a)
Q23: The term 'negotiation' in section 14 of
Q24: If an instrument may be construed either
Q25: When an endorser willing to transfer to
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