wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

State any four essential features of a bill of exchange.

Open in App
Solution

Following are the essential features of bill of exchange:

1. It must be a written document.

2. Amount of money to be paid should be certain.

3. It must be signed.

4. The order to make the payment should be unconditional.


flag
Suggest Corrections
thumbs-up
3
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Bill of Exchange
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon