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Bill of Exchange(BOE)

Kinds of Nego...

Question

Kinds of Negotiable Instruments
The promissory note should be signed by the ______________.

A

Drawer

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B

Drawee

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C

Payee

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D

Promiser

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Solution

The correct option is D Promiser
A promissory note is an unconditional promise in writing made by one person to another signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money, to, or to the order of, a specified person or to bearer. Ans is (A) and (D)

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