Law · Negotiable Instruments Act
Which of the following statements is NOT true regarding a valid promissory note under the Negotiable Instruments Act, 1881?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The promise to pay must be conditional✓
- 2The promise must be in respect of payment of money only
- 3There must be an unconditional undertaking or promise to pay
- 4It must be in writing and signed by the maker
Correct answer
The promise to pay must be conditional
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