A bill of exchange contains a/an ________.

unconditional undertaking

No worries! We‘ve got your back. Try BYJU‘S free classes today!

unconditional order

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

conditional undertaking

No worries! We‘ve got your back. Try BYJU‘S free classes today!

conditional order.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C unconditional order
Essential conditions of a bill of exchange
(1) It must be in wilting.
(2) It must be signed by the drawer.
(3) The drawer, drawee and payee must be certain
(4) The sum payable must also be certain.
(5) It should be properly stamped.
(6) It must contain an express order to pay money and money alone.
(7) The order must be unconditional

Suggest Corrections