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AIBE 6 PYQ • AIBE 6 PYQ
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Which one of the following is a promissory note when A signs the instrument?

1.
I promise to pay B or order Rs. 10,000/- on demand
2.
Mr. B. I. Owe. You. Rs. 10,000/-
3.
I promise to pay B Rs. 10,000/- and such other sums which shall be due to him
4.
I promise to pay B on his request Rs. 10,000/- on the death of X

Answer (Detailed Solution Below)

✓
Option 1 : I promise to pay B or order Rs. 10,000/- on demand (Option A)
📌 Key Points & Important Facts:
Official answer as per official key[cite: 13]
Exam PaperAIBE 6 PYQ
SectionAIBE 6 PYQ
Total Marks100 Marks
Negative MarkingNONE Marks
Duration210 Mins
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