Under Negotiable Instruments Act, promissory note can be drawn for minimum period of
Verified Answer
A. Thirty days
B. Six months
C. One year
D. No time limit is fixed
Explanation:
The Negotiable Instruments Act, 1881, does not prescribe a minimum period for which a promissory note can be drawn. A promissory note can be payable on demand or at a fixed future time, which could be any duration.