Which of the following is not a feature of a promissory note?
A) It must be in writing
B) It contains an unconditional promise to pay
C) It is payable to the bearer
D) It must be signed by the maker
Correct Answer:
Verified
Q15: Which of the following statements is/are true?
A)Noting
Q16: When bill discounted with the bank is
Q17: Which of the following statements is/are false?
A)Accommodation
Q18: In the books of the drawer, the
Q19: The noting charges levied on dishonour of
Q20: The drawer of a trade bill passes
Q21: Under which of the following situations, is
Q23: How many parties are generally found in
Q24: X draws a Bill of Exchange on
Q25: When a B/R is endorsed by the
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