Which of the following is a valid promissory note —

CS CSEET · Business Environment and Entrepreneurship & Business Management, Ethics and Communication · PYQS · December 2013

(A) I owe A ₹500

(B) I promise to pay ₹1,000 ten days after the death of B

(C) I promise to pay the bearer ₹1,000

(D) I promise to pay ₹1,000 after the marriage of B.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) I promise to pay ₹1,000 ten days after the death of B.

Topics: Business Laws