New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In a promissory note the amount of money payable

    ____________
    A Must be certain Correct Answer Incorrect Answer
    B May be certain Correct Answer Incorrect Answer
    C May be certain or uncertain Correct Answer Incorrect Answer
    D As the parties may mutually agree upon Correct Answer Incorrect Answer

    Solution

    Negotiable Instruments Act- 4. “Promissory note.”—A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.

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