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प्रश्न
Define Bill of Exchange.
परिभाषा
उत्तर
According to section 5 of the Negotiable Instruments Act, “a bill of exchange is 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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Bills of Exchange, Cheque, Promissory Note – Comparison
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संबंधित प्रश्न
The number of parties in a bill of exchange is ______.
A cheque will become stale after _____ months of its date:
List three characteristics of a Promissory Note.
Define Cheque?
What are the characteristics of a bill of exchange?
Distinguish between Bill of Exchange & Promissory Note.
Distinguish a cheque and a bill of exchange.
Discuss in detail the features of a cheque.
