How does a bill of exchange different from promissory note?

1.	How does a bill of exchange different from promissory note?
Answer» Promissory note means promisse its treatment are also similar to b/e .but it is promisse note .promissing by buyer to seller to pay his ammount.in promissory note only two parties. Drawee/drawer<br><th>BASIS FOR COMPARISON</th> <th>BILL OF EXCHANGE</th> <th>PROMISSORY NOTE</th> \t\t\tMeaningBill of Exchange is an instrument in writing showing the indebtedness of a buyer towards the seller of goods.A promissory note is a written promise made by the debtor to pay a certain sum of money to the creditor at a future specified date.Defined inSection 5 of Negotiable Instrument Act, 1881.Section 4 of Negotiable Instrument Act, 1881.PartiesThree parties, i.e. drawer, drawee and payee.Two parties, i.e. drawer and payee.Drawn byCreditorDebtorLiability of MakerSecondary and conditionalPrimary and absoluteCan maker and payee be the same person?YesNoCopiesBill can be drawn in copies.Promissory Note cannot be drawn in copies.DishonorNotice is necessary to be given to all the parties involved.Notice is not necessary to be given to the maker.\t

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