Multiple choice

Bill of exchange means an

  1. unconditional direction to the drawer to pay the money

  2. unconditional promise to the drawer to pay the money

  3. unconditional obligation to the drawer to pay the money

  4. unconditional undertaking to the drawer to pay the money
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A Correct answer
Explanation

Bill of exchange is a written order to a person requiring them to make a specified payment to the signatory or to a named payee; a promissory note.

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