Question

Kinds of Negotiable Instruments
A promissory note is an instrument ______ containing an unconditional undertaking, signed by the maker to pay a certain sum of money to, or to the order of, a certain person, or only to bearer of the instrument.

• A. in writing
• B. made orally
• C. partly in writing
• D. partly in writing and partly orally

Answer 1

Answer: (A)

in writing

A “Promissory note” is an instrument in writing containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.