A bill of exchange is a negotiable instrument true or false
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True, a bill of exchange is a instrument which is negotiable in nature.
Explanation:
A bill of exchange is a type of instrument, unconditional and written which is used in accounting. It binds one party to pay an amount to the other party. The parties involved in this order are called as drawee and drawer.
True, a bill of exchange is a instrument which is negotiable in nature. According to the negotiation instruments act, bill of exchange can be claimed before the maturity period.
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