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The undertaking contained in a promissory note, to pay a certain sum of money is
conditional
unconditional
maybe conditional or unconditional depending upon the circumstances
none of the above
- Option 1, conditional: A promissory note with a condition means payment relies on an event or action. This is not typical for standard promissory notes.
- Option 2, unconditional: This is the correct choice. Promissory notes generally promise payment without any conditions, making them straightforward financial instruments.
- Option 3, maybe conditional or unconditional depending upon the circumstances: While some financial agreements can be conditional, promissory notes are typically not designed this way, as they should guarantee payment without reliance on other factors.
- Option 4, none of the above: This isn't applicable, as option 2 covers the standard nature of promissory notes.
By: santosh ProfileResourcesReport error
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