Under Negotiable Instruments Act, "Bill of Exchange" is defined under
Verified Answer
A. Section 3
B. Section 10
C. Section 12
D. Section 13
Explanation:
Section 5 of the Negotiable Instruments Act, 1881, defines 'Bill of Exchange'. However, Section 13 defines 'Negotiable instrument' which *includes* a bill of exchange. Given that Section 5 is not an option, and Section 3 defines 'promissory note', Section 13 is the most plausible choice as it broadly covers bills of exchange as a type of negotiable instrument.