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Bills of Exchange

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54 Points Posted on 07 April 2018
What is meant by the statement " Bills of Exchange cannot be made payable to bearer on demand"?
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On 07 April 2018 at 00:13 Report
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teaching
2046 Points Posted on 08 April 2018

for better understading of your query refer diffence between "BILLS OF EXCHANGE AND CHEQUE".

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On 08 April 2018 at 15:46
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0 Points Posted on 07 April 2018
BOE is a time bound document, it is payable on maturity date (+3).
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On 07 April 2018 at 10:24
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6 Points Posted on 07 April 2018
It means, while issuing BOE the payee name must be mentioned and cannot be left blank, it is not like 'Cheque'. And payee must be a definite person.
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On 07 April 2018 at 17:07


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