Question

Objective to start bill of exchange

Answer 1

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Objectives of Bill of Exchange. The main aimof drawing it is a promise to a person. The promise is that the drawer will pay the payee a certain sum of money for the values that the payee offered to the drawer. It is a legality binding on all, the drawer, the drawee and the payee.
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Answer 2

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Objectives of Bill of Exchange. The main aim of drawing it is a promise to a person. The promise is that the drawer will pay the payee a certain sum of money for the values that the payee offered to the drawer. It is a legality binding on all, the drawer, the drawee and the payee.