What is difference between bill of exchange and promissory note?
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Fundamental difference between bill of exchange and promissory note that the former carries in order to pay money while the latter contains a promise to pay money.
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Bill of Exchange is an instrument in writing showing the indebtedness of a buyer towards the seller of goods.
.A promissory note is a written promise made by the debtor to pay a certain sum of money to the creditor at a future specified date.
.A promissory note is a written promise made by the debtor to pay a certain sum of money to the creditor at a future specified date.
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