A promissory note, bill of exchange or cheque drawn or made in India, and made payable, or drawn upon any person, resident in India shall be deemed to be ____________.
A
A Foreign instrument
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B
An Inland instrument
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C
A Demand instrument
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D
A Bearer instrument
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Solution
The correct option is C An Inland instrument
According to Section 11 inland instrument means a promissory note bill of exchange, or cheque drawn or Made in India and made payable in or drawn up on any person resident in India shall be Deemed to be and inland instrument.