Bills of Exchange
Gautam Chamaria (54 Points)
07 April 2018
What is meant by the statement " Bills of Exchange cannot be made payable to bearer on demand"?
3 Replies
satish
(teaching)
(2046 Points)
Replied 08 April 2018
for better understading of your query refer diffence between "BILLS OF EXCHANGE AND CHEQUE".
indermani45830@gmail.com
(0 Points)
Replied 07 April 2018
BOE is a time bound document, it is payable on maturity date (+3).
Harish Tammannavar
(6 Points)
Replied 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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