Business Studies, asked by panjwani348, 1 month ago

Essential of a valid bill of exchange

Answers

Answered by venkatsaiteja022

Explanation:

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. It must comply with all legal requirements like stamping, date, signatures, etc.

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