Question

Discuss the elements of a bill of exchange in detail​

Answer 1

Explanation:

A typical bill of exchange contains the following elements: It should always be in writing and cannot be oral. The drawer must sign the bill and undertake to pay a specific sum of money. The parties must be certain; they cannot be ambiguous.

Answer 2

Explanation:

Parties in the bill of exchange

Bill of exchange always have three parties to it. The drawer who makes the bill of exchange. The drawee who shall accepts the bill of exchange and eventually who becomes an acceptor. And finally, the payee who receives the sum of money as specifies in the instrument.