Bill of exchange is a document for payment to be received from the exporter.

True

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False

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Solution

The correct option is B
False

False. Bill of exchange is a document for payment to be received from the importer.

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Similar questions

Q. The is entitled to receive the payment of bill of exchange.

The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

(a) Letter of hypothetication

(b) Letter of credit

(d) Bill of exchange

The party which is entitled to receive the payment of bill of exchange is known as :

Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?

(a) Shipping bill

(b) Packaging list

(d) Bill of exchange

Q. How many days grace period is given for payment of a bill of exchange?

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Bill of exchange is a document for payment to be received from the exporter.

The correct option is B False False. Bill of exchange is a document for payment to be received from the importer.

The correct option is B
False

False. Bill of exchange is a document for payment to be received from the importer.