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As per the Negotiable Instrument Act, 1881, which of the accompanying alludes to an instrument recorded as a hard copy...
14. As per the Negotiable Instrument Act, 1881, which of the accompanying alludes to "an instrument recorded as a hard copy (not being a monetary certificate or a cash note) containing unlimited endeavour, endorsed by the producer to pay on request or at a fixed or definable future time a specific amount of cash just to or to the request for someone in particular, or the carrier of the instrument"?
- Promissory Note
- Debentures
- Cheque
- Bills of Exchange
Answer: D) Bills of Exchange
Explanation:
As per Negotiable Act, 1881, Bill of Exchange allude to an instrument recorded as a hard copy (not being a monetary certificate or a cash note) containing unlimited endeavour, endorsed by the creator to pay or interest or at a fixed or definable future time or the conveyor of the instrument. A bill of trade can be characterized as a composed request to an individual expecting them to make a predetermined instalment to the payee.