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InterviewSolution
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Define Bill Of Exchange? |
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Answer» The negotiable instruments act, 1881 defines a ‘bill of exchange’ as “an instrument in WRITING containing an UNCONDITIONAL order, signed by the MAKER, DIRECTING a certain person to pay a certain SUM of money only to, or to the order of a certain person or to the bearer of the instrument. The negotiable instruments act, 1881 defines a ‘bill of exchange’ as “an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of a certain person or to the bearer of the instrument. |
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