What features differentiate a bill of exchange from a cheque?

      

Name features that differentiate a bill of exchange from a cheque.

  

Answers


Maurice
(i) Must bear revenue stamp.

(ii) Must be accepted and signed on surface by the debtor/ acceptor.

(iii)Unconditional order written by creditor to debtor.

(iv) Matures after 90 days.

(v) Can be negotiated and discounted.
maurice.mutuku answered the question on June 27, 2017 at 05:27


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