Accountancy, asked by shekharpokale12, 1 year ago

Conclusion of bill of exchange

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Answered by khushi5483
0
A bill of exchange is an order in writing ,directing a person to pay a sum of money, to a specified person. 
Negotiable Instruments Act, 1881 
Acts, conclusion, parties involved, specimen examples, essential elementsbillof exchange1. BILL OF EXCHANGE Presented by: Praladh Timsina MMAMC BBA – 4th Semester2. Definition • One of the negotiable instruments, • A bill of exchange is an order in writing ,directing a person to pay a sum of money, to a specified person. • Both Nepalese(2034) and Indian(1881), negotiable instruments act of defining bills of exchange are some how similar..3. Section 5 of the Negotiable Instruments Act, 1881 • defines a bill of exchange as ‘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’4.

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Answered by Sayeqasiddiqui3462
0

A bills of exchange is an order in writing, directing a person to pay a sum of money to a specific person..

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