Which of the following points are considered as essential characteristics of a Promissory Note?
A. It must be in writing
B. It must not contain an undertaking or promise to pay
C. The promise to pay must be conditional
D. A promissory note must be signed by the maker.
E. Promise to pay money only
Choose the correct answer from the options given below:
1
A, D and E Only
2
A, B and E Only
3
B, C and D Only
4
B and D Only