A document by which one person orders another to pay a sum on demand to a named person is a
Answer and explanation
Correct answer: D. bill of exchange
- Step 1: A bill of exchange is an unconditional written order to pay a fixed sum. Answer: bill of exchange. Why not the others: promissory note: That is a promise to pay, not an order. share certificate: That is evidence of share ownership. debenture: That is a document acknowledging a company's loan.
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