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When an instrument is drawn conditionally or for a special purpose as a collateral security and not for the purpose of transferring property therein, it is called

Question:

When an instrument is drawn conditionally or for a special purpose as a collateral security and not for the purpose of transferring property therein, it is called

A.

Ambiguous

B.

Inchoate

C.

Escrow

D.

Inland

Answer» c. Escrow

Note: The above multiple-choice question is for all general and Competitive Exams in India