Question

Why Is a Bill of Exchange Unconditional?

Answer 1

Bill of exchange is unconditional as it contains a written order made by the drawer to the drawee, is signed by the drawer, and requires the drawee to pay a specified amount of money at a particular date or on-demand to the payee.

Also read:

• MCQs on Bills of Exchange
• Difference Between Bill of Exchange and Promissory Note
• Bill of Exchange