Question

State any four essential features of bill of exchange.

Answer 1

State any four essential features of bill of exchange.

First of all, a bill of exchange must be in written form, second, it is an order to make payment, third the order to make payment is unconditional and the fourth one is the payment to be made must be certain.

Answer 2

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1.The bill of exchange must be in writing.

2.A bill of exchange should contain an unconditional order to pay.

3.Drawer of the bill must sign the bill.

4.The amount and the expiry date should be mentioned specifically in the bill of exchange.