Question

difference between bill of exchange and promissory note​

Answer 1

Answer:

In a bill of exchange, there are three parties while in the case of a promissory note the number of parties is 2. Creditor creates Bill of Exchange. On the other hand, Promissory Note is prepared by the debtor. The liability of the maker of the bill of exchange is secondary and conditional.

Explanation:

Answer 2

Explanation:

bill of exchange is for the guarantee of any deal,, and the promisorry note is for promise of any date when the credit amount is to be given to the debtor...