Advertisements
Advertisements
Question
Write two points of distinction between bills of exchange and promissory note
Distinguish Between
Solution
| Basis of Difference | Bills of Exchange | Promissory Note |
| Drawer | It is drawn by a creditor. | It is drawn by a debtor. |
| Parties | There are three parties involved, namely drawer, drawee and payee. | There are two parties involved, namely maker and payee. |
shaalaa.com
Meaning of Bill of Exchange
Is there an error in this question or solution?
