Question

suggestions for bils of exchange​

Answer 1

Answer:

Ur answer

Explanation:

Essential conditions of bills of exchange

• Essential conditions of bills of exchangeIt must be in writing.
• Essential conditions of bills of exchangeIt must be in writing.It must be signed by drawer.
• Essential conditions of bills of exchangeIt must be in writing.It must be signed by drawer.The drawee, drawer, & payee must be definite.
• Essential conditions of bills of exchangeIt must be in writing.It must be signed by drawer.The drawee, drawer, & payee must be definite.The sum payable must also be definite.
• Essential conditions of bills of exchangeIt must be in writing.It must be signed by drawer.The drawee, drawer, & payee must be definite.The sum payable must also be definite.It should be appropriately stamped.
• Essential conditions of bills of exchangeIt must be in writing.It must be signed by drawer.The drawee, drawer, & payee must be definite.The sum payable must also be definite.It should be appropriately stamped.It must enclose an express order to pay money & money alone.
• Essential conditions of bills of exchangeIt must be in writing.It must be signed by drawer.The drawee, drawer, & payee must be definite.The sum payable must also be definite.It should be appropriately stamped.It must enclose an express order to pay money & money alone.The order must be unconditional.

Answer 2

Answer:

(1) The term bill of exchange inserted in the body of the instrument and expressed in the language employed in drawing up the instrument.

(2) An unconditional order to pay a determinate sum of money.

(3) The name of the personwho is to pay (drawee).

(4) A statement of the time of payment.

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