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As per the Negotiable Instrument Act, 1881, which of the accompanying alludes to an instrument recorded as a hard copy...

14. As per the Negotiable Instrument Act, 1881, which of the accompanying alludes to "an instrument recorded as a hard copy (not being a monetary certificate or a cash note) containing unlimited endeavour, endorsed by the producer to pay on request or at a fixed or definable future time a specific amount of cash just to or to the request for someone in particular, or the carrier of the instrument"?

1. Promissory Note
2. Debentures
3. Cheque
4. Bills of Exchange

Answer: D) Bills of Exchange

Explanation:

As per Negotiable Act, 1881, Bill of Exchange allude to an instrument recorded as a hard copy (not being a monetary certificate or a cash note) containing unlimited endeavour, endorsed by the creator to pay or interest or at a fixed or definable future time or the conveyor of the instrument. A bill of trade can be characterized as a composed request to an individual expecting them to make a predetermined instalment to the payee.