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Which type of negotiable instrument is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person?
  • a)
    Promissory note
  • b)
    Bill of exchange
  • c)
    Cheque
  • d)
    Bank draft
Correct answer is option 'C'. Can you explain this answer?
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Which type of negotiable instrument is an instrument in writing that c...
A cheque is a type of negotiable instrument that is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person. It is a commonly used method of payment for various transactions.For example, if a person writes a cheque to pay their monthly rent, it is an unconditional order to their bank to pay the specified amount to their landlord on demand.
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Which type of negotiable instrument is an instrument in writing that c...
A cheque is a type of negotiable instrument that is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person. It is a commonly used method of payment for various transactions.For example, if a person writes a cheque to pay their monthly rent, it is an unconditional order to their bank to pay the specified amount to their landlord on demand.
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Which type of negotiable instrument is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person?a)Promissory noteb)Bill of exchangec)Chequed)Bank draftCorrect answer is option 'C'. Can you explain this answer?
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Which type of negotiable instrument is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person?a)Promissory noteb)Bill of exchangec)Chequed)Bank draftCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which type of negotiable instrument is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person?a)Promissory noteb)Bill of exchangec)Chequed)Bank draftCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which type of negotiable instrument is an instrument in writing that contains an unconditional order, addressed to a banker, to pay a certain sum of money on demand or to a specified person?a)Promissory noteb)Bill of exchangec)Chequed)Bank draftCorrect answer is option 'C'. Can you explain this answer?.
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