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Bills of Exchange contains an unconditional ___?
16. Bills of Exchange contains an unconditional ___?
- Order
- Promise
- Payment
- Pay Order
Answer: A) Order
Explanation:
A bill of exchange contains a genuine guarantee to pay a specific amount of cash on a concurred date to the cabinet or the carrier by the drawee of the bill. An unequivocal request to pay: It is one of the significant attributes of a debatable instrument.