Under the Negotiable Instruments Act, 1881, which of the following instruments cannot be treated as a…
Section 4 of the Negotiable Instruments Act, 1881 expressly excludes a bank-note or a currency-note from being a promissory note, even though both are instruments in writing.
Choose your answer
Under the Negotiable Instruments Act, 1881, which of the following instruments cannot be treated as a promissory note?
Answer and explanation
Correct answer C
Section 4 of the Negotiable Instruments Act, 1881 expressly excludes a bank-note or a currency-note from being a promissory note, even though both are instruments in writing.
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