what is biil after sight
This query is : Resolved
24 July 2010
On the basis of the due date there are two types of bill of exchange:
* Bill of Exchange after Date: In this case the due date is counted from the date of drawing and is also called bill after date.
* Bill of Exchange after Sight: In this case the due date is counted from the date of acceptance of the bill and is also called bill of exchange after sight.
* Bill of Exchange after Date: In this case the due date is counted from the date of drawing and is also called bill after date.
* Bill of Exchange after Sight: In this case the due date is counted from the date of acceptance of the bill and is also called bill of exchange after sight.
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RAMESH KUMAR VERMA
(Expert)
24 July 2010
DEAR,
TERM INCLUDED ON A BILL OF EXCHANGE TO INDICATE THAT IT BECOMES PAYABLE A SPECIFIED NUMBER OF DAYS AFTER PRESENTMENT TO THE DRAWEE.
REGARDS
TERM INCLUDED ON A BILL OF EXCHANGE TO INDICATE THAT IT BECOMES PAYABLE A SPECIFIED NUMBER OF DAYS AFTER PRESENTMENT TO THE DRAWEE.
REGARDS
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