Question

why is the bill of exchange made payable to bearer on demand is void? who is the bearer?pls give relevant answers​

Answer 1

Answer:

A bill of exchange is a written order once used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date. Bills of exchange are similar to checks and promissory notes—they can be drawn by individuals or banks and are generally transferable by endorsements.