Question

A bill of exchange contains ___________.

• A. a promise
• B. an unconditional order
• C. a request to deliver the goods
• D. none of the above

Answer 1

Answer: (B)

an unconditional order

According to section $5$ of the Negotiable Instrument Act $1881$, a bill of exchange is an unconditional order in writing directing a certain person to pay certain person or the bearer a sum of money. As you can see in the proforma of a bill of exchange given above there is no promise of any kind, instead the drawer has just written that the drawee has to pay him an amount of $RS.800$ after two months.