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List three characteristics of a Promissory Note. - Commerce

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प्रश्न

List three characteristics of a Promissory Note.

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उत्तर

Characteristics of a Promissory Note:

  • A promissory note must be in writing.
  • The promise to pay must be unconditional.
  • It must be signed by the maker.
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Bills of Exchange, Cheque, Promissory Note – Comparison
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पाठ 22: The Negotiable Instruments Act, 1881 - Exercise [पृष्ठ २०३]

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सामाचीर कलवी Commerce [English] Class 12 TN Board
पाठ 22 The Negotiable Instruments Act, 1881
Exercise | Q II. 3. | पृष्ठ २०३
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