Question

Kinds of Negotiable Instruments
____ is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to or to the order of, a certain person or to the bearer of the instrument.

• A. A bill of exchange
• B. A promissory note
• C. A cheque
• D. A Hundi

Answer 1

The correct option is A A bill of exchange

A “bill of exchange” under section 5 of the act is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.