Which can be called as a Promissory Note ?

CS CSEET · Business Laws and Management · PYQS · June 2026

(A) I promise to pay Susanta ₹ 500 and to deliver to him by black horse on 1st June next

(B) I promise to pay Susanta ₹ 500 five days after my marriage with Koyel

(C) I acknowledge myself to be indebted to Susanta in ₹ 500 to be paid on demand for value received

(D) I promise to pay Susanta ₹ 500 on Damodar's death, provided he leaves me enough to pay that sum

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) I acknowledge myself to be indebted to Susanta in ₹ 500 to be paid on demand for value received.

Topics: Negotiable Instruments Act, 1881