A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date. Bills of exchange are similar to promissory notes; individuals or banks can draw them and are generally transfe...
The term maturity refers the date on that a bill of exchange or a note becomes due for payment. In inbound at the maturity 3 days, called days of grace, should be additional to the date on that the amount of credit expires instrument is owed. Show More ...
A bill of exchange is: AA conditional promise to pay BAn unconditional order to pay CAn unconditional promise to pay DA conditional order to paySubmit A bill of exchange is: AA conditional promise to pay BAn unconditional order to pay CAn unconditional promise to pay DA conditional order to pa...
Definition: Bill of Exchange, can be understood as a written negotiable instrument, that carries an unconditional order to pay a specified sum of money to a designated person or the holder of the instrument, as directed in the instrument by the maker. The bill of exchange is either payable o...
Que 2: What is Bill of Exchange? In international commerce, a bill of exchange is a legally binding contract issued by the seller or exporter and delivered to the buyer or importer. Moreover, it legally obligates the buyer to pay the seller an agreed-upon amount of money on a...
A bill of lading provides evidence of a contract between a shipper and a seller. It details what is being shipped, who the buyer is, and their location. A bill of lading also serves as a receipt for the buyer. Abill of exchangeis proof of payment, much like apromissory note, tha...
解析:Indorsement is a signature, must be the same with the transferor's name as stated in the bill in order to operate as a negotiation, must comply with the following conditions, namely: (1) it must be written on the bill itself and signed by the indorser, the simple signature of the...
and check亲亲您好，这句话的意思是汇票和支票有什么区别 汇票和支票的区别主要有：1、支票的付款人限于银行；而汇票的付款人则不以银行为限。2、支票均为见票即付，而汇票则不限于见票即付。
What is the function of date of issuance for a bill of exchange? ( ) A. to determine whether presentation has expired. B. to determine the maturity date for a draft payable after date. C. to determine the date of acceptance. D. to arbitrate disagreements. ...
The second is that the bill works as a receipt for goods. The carrier gives the shipper the bill in exchange for the cargo. It shows that the carrier got the cargo from the shipping agent in good condition. The third reason is that it provides a title to the goods. The bill of ladin...