Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Negotiable Instruments Act, 1881
Which one of the following statements is correct regarding the Negotiable Instruments Act in India?
1
A cheque is always drawn on a banker
2
A cheque requires the acceptance by the drawee
3
A bill of exchange can be drawn payable to bearer on demand
4
A promissory note containing a conditional promise to pay is a valid promissory note