Can Bills of Exchange be easily tranfered in favour of other?

Yes, Bills of Exchange can be easily endorsed in favour of other.

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No, there is a complex procedure to endorse and hence everyone avoids it.

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It is a convenient means of transfer between the buyer and seller only.

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None of these

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Solution

The correct option is A
Yes, Bills of Exchange can be easily endorsed in favour of other.

Yes, Bills of Exchange can be easily endorsed in favour of other.

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Similar questions

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Q. X, Y and Z are partners. On 1.1.97, Z applies for insolvency. On 1.2.97 he endorses a Bill of Exchange in favour of W. On 1.3.97 he is declared insolvent. Does W acquire a good title to the Bill?

How bill of exchange is a convenient means of credit?

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Can Bills of Exchange be easily tranfered in favour of other?

The correct option is A Yes, Bills of Exchange can be easily endorsed in favour of other. Yes, Bills of Exchange can be easily endorsed in favour of other.

The correct option is A
Yes, Bills of Exchange can be easily endorsed in favour of other.

Yes, Bills of Exchange can be easily endorsed in favour of other.