Mr. E writes "I owe you ₹ 500" to B. Is it a promissory note ?
CS CSEET · Business Laws and Management · PYQS · October 2026
Mr. E writes "I owe you ₹ 500" to B. Is it a promissory note ?
Answer & Explanation:
Correct Answer: Option (B)
Correct answer: (B) No, mere acknowledgement is not enough.
Topics: Negotiable Instruments Act, 1881
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