196
Question
Is a Bill of Exchange a Loan?
Is a Bill of Exchange a Loan?
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Solution
Bill of exchange is an order to pay, and not a promise to pay. Therefore, bill of exchange is not regarded as a loan.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Bill of exchange is an order to pay, and not a promise to pay. Therefore, bill of exchange is not regarded as a loan.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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