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.

Article and Schedule Quiz	Start Test!

Take Mock Tests

Missiles Mock Test	Start Test!
SSC MTS Mock Test	Start Test
IBPS CLERK MOCK TEST	Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH)	Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi)	Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH)	Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH)	Start Test!
IB Security Assistant Mock test 1 (english)	Start Test!
UP POLICE CONSTABLE MOCK TEST 1	Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI)	Start Test!