Multiple choice

A negotiable instrument means a _______ payable either to order or to bearer.

  1. promissory note

  2. bill of exchange

  3. cheque

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Preamble of the Negotiable Instrument Act defines a negotiable instrument as a promissory note, bill of exchange and cheque payable either to order or to bearer.

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