Law · Negotiable Instruments Act
Given below are two statements: one is labeled as Assertion (A) and the other as Reason (R). Assertion (A): A Bill of Exchange must be in writing and signed by the drawer. Reason (R): Oral agreements are valid and legally enforceable as negotiable instruments. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are true and R is the correct explanation of A
- 2Both A and R are true but R is not the correct explanation of A
- 3A is true but R is false✓
- 4A is false but R is true
Correct answer
A is true but R is false
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