State any four essential features of a bill of exchange. (2024)

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Bill of Exchange(BOE)

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Bills of Exchange - Essential Elements, Types, Importance and FAQsBill of Exchange Definition & ExamplesWhat is Bill of Exchange: Definition, Types, Examples and FormatMeaning, Examples and Features of Bills of Exchange | Videos

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Solution

Following are the essential features of bill of exchange:

1. It must be a written document.

2. Amount of money to be paid should be certain.

3. It must be signed.

4. The order to make the payment should be unconditional.


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