Redemption is made in accordance __________________.

They are treated as negotiable instrument

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Their transfer requires a deed of transfer.

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They are transferrable by mere delivery

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The interest on it is paid to the holder irrespective of identity.

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Solution

The correct option is B
Their transfer requires a deed of transfer.

Redemption is made in accordance with the term of issue.

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Similar questions

'An instrument is transferable by endorsement and delivery. It is sold at a discount and redeemed at par'. Identify the instrument.

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