Question

The Bill of exchange must contain the following:

• A. An order to pay money at all events
• B. Unconditional order to pay
• C. Order to pay money and money only
• D. All of the above

Hint:

A valid bill of exchange cannot contain conditions and must deal with money payment only.

Answer 1

The Correct Option is D

Step 1: Definition.
A bill of exchange is a negotiable instrument that contains an unconditional written order by one party to another to pay a certain sum of money to a third party on demand or at a fixed future date.

Step 2: Mandatory elements.
It must:

- Be an order to pay money at all events.

- Be unconditional (not dependent on an event).

- Be exclusively for money (not goods or services).

Step 3: Conclusion.
All listed statements are part of the legal requirements. \[ \boxed{(d)} \]