Which of the following negotiable instrument is drawn, accepted or endorsed without consideration ?

CS CSEET · Business Environment and Entrepreneurship & Business Management, Ethics and Communication · PYQS · December 2013
Which of the following negotiable instrument is drawn, accepted or endorsed without consideration ?
(A) Inland bill of exchange
(B) Foreign bill of exchange
(C) Accommodation bill
(D) Promissory note.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) Accommodation bill.

Topics: Business Laws

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