Essentials of the bill of exchange

Essentials of the bill of exchange

  • It is an unconditional written order i.e. not a request.
  • Addressed by person to another
  • It must be signed by the person giving it
  • It demands payment of a sum certain in money
  • The sum must be paid on demand or at a fixed or determinable future time The sum is payable to a specified person, his order or the bearer.



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