How Would a Written Contract Containing an Unconditional Order to Pay

question 32

Multiple Choice

How would a written contract containing an unconditional order to pay a specific sum on demand to a specific bearer most likely be classified?

• A) as a promissory note
• B) as a cheque
• C) as a negotiable instrument
• D) as a bill of exchange

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Definitions:

Fairness

The quality of making judgments that are free from discrimination or bias, and uphold the principles of equity and justice.

Consistently

The quality of acting or performing in a similar manner over time, maintaining uniformity and reliability.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals, often related to professional growth and development.

Calling

A deep sense of purpose or a strong inner urge toward a particular course of action, often related to career or vocation.