Which of the following are key features of a promissory note?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

All of the above

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Answer 1

It can be made payable to the bearer under general definitions (subject to statutory restrictions).

Answer 2

Proper stamp duty must be paid on a Promissory Note.

Answer 3

It specifies the name of the payee.

Answer 4

All of the above

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