A bill of exchange is a conditional order in writing given by a Debtor to a Creditor.

True

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False

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Solution

The correct option is B False
Bills of exchange is an unconditional order signed by the maker, directing the debtor to pay a certain sum of money on a certain date or on the demand of the maker i.e., creditor.

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A bill of exchange of Rs. 2000 is endorsed in favour of Krishan a creditor of Rs.2100 in full settlement. By what amount Krishan will be debited?

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