When dealing with monetary issues, there are many instruments of exchange that we maintain for official reasons. One such tool for administering money transfer matters is a bill of exchange. A bill of exchange is a binding agreement by one party to pay a fixed amount of cash to another party as of a predetermined date or on demand. To put it in another way, a Bill of Exchange is a written order signed by the drawer, directing to a certain person to pay a certain sum of money on-demand or on a certain future date to a certain person or as per his order. It is a piece of writing and an instrument of monetary negotiation. It is further authenticated by the drawers signature. We have a valid bill of exchange when a person accepts an order in writing. The bill can also have several agreements and regulations. Lets go through the slides and get further information on this bill.

Vikrant Ojha

33 resources

1

4

2

Like