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      Question

      Which of the following is a key characteristic of a

      negotiable instrument under the Negotiable Instrument Act, 1881?
      A It must involve payment in goods or services. Correct Answer Incorrect Answer
      B It must always be issued by a government authority Correct Answer Incorrect Answer
      C I must be signed and contain an unconditional promise to pay money only Correct Answer Incorrect Answer
      D It must be a verbal agreement between two parties. Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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