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Question : Which of the following is not a type of negotiable instrument?

Option 1: Cheque

 

Option 2: Bill of exchange
 

Option 3: Promissory note

 

Option 4: None of the above


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 10th Jan, 2024

Correct Answer: None of the above


Solution : The correct answer is

d) None of the above

All options mentioned (cheque, bill of exchange, and promissory note) are types of negotiable instruments. A negotiable instrument is a document that guarantees the payment of a specific amount of money, either on-demand or at a specified future date. It can be transferred from one person to another by endorsement or delivery, making it a valuable and transferable instrument.

 

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