Asked by TYE
Which of the following negotiable instruments CANNOT be drawn on copies?
Check
Draft
Promissory note
Bill of exchange
All Answers 1
Answered by
GPT-5 mini
AI
Promissory note.
Reason: A promissory note is an unconditional promise by the maker to pay and is not "drawn on" any drawee. Checks, drafts and bills of exchange are drawn on a drawee (e.g., a bank), but a promissory note is issued by the maker himself.
Reason: A promissory note is an unconditional promise by the maker to pay and is not "drawn on" any drawee. Checks, drafts and bills of exchange are drawn on a drawee (e.g., a bank), but a promissory note is issued by the maker himself.
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