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What are the advantages and disadvantages of a bill of exchange?
Wiki User
∙ 9y ago
it is a legal evidence of dept
Demetrius Parisian
Wiki User
∙ 9y agoThe disadvantages of bills of exchange are that they can lead to sales of credit and possible business loss if the bill is lost. There are fewer disadvantages to these bills than advantages since they mostly rely on being responsible.
Wiki User
∙ 9y agoAdvantages are it allows seller access to financing and legal access to the legal systems. Disadvantage is that it is not real cash.
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