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1. All agreements are not contracts as contracts require essential elements like offer, acceptance, consideration and intention to create legal relations. 2. A negotiable instrument can be a promissory note or bill of exchange. Promissory notes are written promises to pay a sum of money while bills of exchange create obligations between more than two parties. Crossing a cheque involves drawing lines on the back of it to restrict how it can be paid. 3. A company must hold an Annual General Meeting as per

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rajeevv_6

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