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What Are The Advantages And Disadvantages Of Bills Of Exchange?

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It reduces the risk of carrying huge sum of money and also easily transferable from one person to the other
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Bills of Exchange (Bill of Exchange, Draft) was issued by the drawer, commissioned by the payer see the votes within a specified time or date of the unconditional payment of the amount determined by the recipient or to the bearer of the instrument.The use of money orders in the course of a variety of acts, be regulated by the instrument law. There are a vote, suggesting that acceptance and payment. For the transfer, usually through endorsement should act. If the non-payment by money order, also refused to make a certificate and the exercise of the right to recourse.
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• Provides the seller with access to financing.
• Provides legal access to legal systems
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1. You can receive your money before the expiry days because you can sell it to bank
2. You can also use it for a collateral security to grant loan for further business. I hope I answer some of your questions if not all.

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