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Question

A promissory note contains ____________.

A
A promise
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B
An unconditional order
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C
A request to deliver the goods
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D
None of the above
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Solution

The correct option is A A promise
According to the provisions of section 4 of the Negotiable Instrument Act 1881 a promissory note is an instrument in writing, containing an unconditional undertaking signed by the maker to pay a certain person a certain amount of money. An unconditional undertaking means a promise. Hence it can be said that a promissory note contains a promise.
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