Law · Commercial Law
Which type of credit instrument involves an absolute and unconditional promise in writing by the maker to pay a certain sum of money to, or to the order of, a specified person or to the bearer?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Letter of Credit
- 2Promissory Note✓
- 3Cheque
- 4Bill of Exchange
Correct answer
Promissory Note
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