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Q.

Which one of the following is not the essential requirement to fulfil an instrument intended to be a Promissory Note ?

[A] The instrument must contain a promise to pay.

[B] A mere acknowledgement of indebtedness is sufficient.

[C] The sum of money to be paid must be certain.

[D] Promise to pay must be unconditional.

Answer & Explanation
Answer: A mere acknowledgement of indebtedness is sufficient.

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