A Promissory Note or Bill of Exchange can be made payable ........

Negotiable instrument Act Others

A Promissory Note or Bill of Exchange can be made payable

On demand

On a specific date

After a specified period – months or days.

all of the above

- Promissory Note and Bill of Exchange: Both are financial instruments involving payment.

- Option 1: On Demand

- Payable immediately when requested.

- Common in short-term finance.

- Option 2: On a Specific Date

- Fixed date specified for payment.

- Offers predictability to both parties.

- Option 3: After a Specified Period

- Payable after certain months or days.

- Useful for deferred payments.

- Option 4: All of the Above

- Can include all time-frames mentioned.

- Offers flexibility in financial agreements.

Correct Answer: Option 4 - All of the Above

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