Question:
A bill of exchange consists of:
A bill of exchange consists of:
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A bill of exchange is different from a promissory note as it is an order to pay, not a promise.
Updated On: Dec 18, 2024
- An order to pay
- A request to pay
- A promise to pay
- Acceptance by the drawer
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The Correct Option is A
Solution and Explanation
A bill of exchange is a financial instrument that contains an order to pay a specific sum of money by one party (the drawee) to another party (the payee) at a specified time.
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