When is the amount of bill of exchange payable to a specific person? (Answer in one sentence)
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Answer:
Either on due date (specified date) or on demand.
Explanation:
The bill of exchange is either payable to the payee on demand or on the date specified in the bill.
A bill must have a certain date specified and a specified amount to be payable and if any of these conditions is not fulfilled, the bill isn't considered to be a bill of exchange.
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