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Question

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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