Multiple choice

A bill of exchange contains a/an

  1. unconditional undertaking

  2. unconditional order

  3. conditional undertaking

  4. conditional order

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A bill of exchange has been defined as 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".