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Classification of Negotiable Instruments
An instrument, which in form is such that it may either be treated by the holder as a bill or as a note, is an -.
Classification of Negotiable Instruments
An instrument, which in form is such that it may either be treated by the holder as a bill or as a note, is an -.
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Solution
The correct option is D Ambiguous instrument
Ambiguous Instruments is defined in Section 17 of Negotiable instruments Act, 1881. Ambiguous Instrument is an instrument, which in form is such that it may either be treated by holder as a note or as a bill.
Ambiguous Instruments is defined in Section 17 of Negotiable instruments Act, 1881. Ambiguous Instrument is an instrument, which in form is such that it may either be treated by holder as a note or as a bill.
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