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Bill of Exchange(BOE)

Which of the ...

Question

Which of the following are features of bills of exchange?

A

It must be in writing

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B

It must be stamped

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C

It must be an unconditional order

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D

All the above

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Solution

The correct option is D
All the above

All the above are features on bill of exchange

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Bill of exchange must be an unconditional order.

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A bill of exchange must contain an unconditional order to pay ______ only.

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Which of following is/are essentials of a bill of exchange?
(I) It must contain clear undertaking to pay.
(II) It must be signed by the drawer.
(III) The maker must sign it in taking an undertaking to pay to payee or his order.
(IV) The parties must be certain.

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A bill of exchange must contain an unconditional _______ to pay money only.

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