It reduces the risk of carrying huge sum of money and also easily transferable from one person to the other
What Are The Advantages And Disadvantages Of Bills Of Exchange?
Bill of echange disadvantage
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.
• Provides the seller with access to financing.
• Provides legal access to legal systems
• Provides legal access to legal systems
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.
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.