As per Negotiable Instruments Act, 1881, a 'Bill of Exchange' is:-
Verified Answer
A. A Conditional promise to pay
B. An Unconditional order to pay
C. An Unconditional promise to pay
D. None of the above
Explanation:
Section 5 of the Negotiable Instruments Act, 1881, defines a 'bill of exchange' as an instrument in writing containing an unconditional order.