Question

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

• A. payee
• B. holder
• C. endorser
• D. maker

Answer 1

The correct option is D maker

Section 4 of the act defines a “Promissory note” as 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.