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Bill of Exchange — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBill of Exchange1 Mark
MCQ
The promissory note should be signed by _______.
  • A
    Drawer
  • B
    Drawee
  • C
    Payee
  • ✓
    Promisor
✓

Answer

Correct option: D.
Promisor
A promissory note is an unconditional promise in writing made by one person to another signed by the promisor, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money, to, or to the order of, a specified person or to bearer.

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