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Tell me About Bills of exchange
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Step-by-step explanation:
A bill of exchange is 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.
it means that the bill of exchange is drawn by a person directing another person to pay the specified sum of money to the bearer of the instrument or to a specified person on his/ her order. The person so directed or ordered must accept it so that it becomes a bill of exchange
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