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- It is promise to pay
- It is anorder to pay
- There are only two parties the drawer, and the payee.
- There are three parties, the drawer, the drawee, and the payee.
- There is no necessity of acceptance
- It must be accepted
- The maker is primarily liable
- The drawer is not primarily liable.
- It is never drawn in sets
- Foreign bills are specially drawn in sets.
- Protesting is not necessary after dishonour
- A foreign bill must be protested upon dishonor.
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What else can I help you with?
What is the difference between Deferred Payment Credit and Acceptance Credit?
Acceptance credit is always available by the draft/bill of exchange, whereas a deferred payment cerdit may and may not be available by the draft/bill of exchange.
Difference between bill of exchange and promissory note?
difference between bill of exchange and promissory note?
What is the difference between bill of entry and bill of exchange?
A bill of exchange is one person pays a certain amount for goods and services on a specific day. A bill of entry is the exact value of good that have been shipped out or come in.
What is the difference between bill and invoice?
What is the difference between Invoice & Bill, in common terms. What is the difference between Invoice & Bill, in common terms.
What is avalised draft?
An aval is the signature on the bill of exchange of a company (or bank) which is prepared to back it or guarantee its payment.
What is a difference between a draft law and a bill?
A draft law is a proposed piece of legislation that has not yet been formally introduced or submitted for consideration by a legislative body. A bill, on the other hand, is a proposed law that has been formally introduced in a legislature for consideration, debate, and potential enactment.
What is the difference between shipping bill and bill of lading?
Bill of Lading Issued by carrier. Showing Consignee, Exporter, quantity of goods, Type of godds, etc. Bill of exchange Issued by exporter/shipper. Showing amount of goods. This used to exchange the shipping documents within shipper and buyer through bank.
What is the difference between bill of lading and bill of entry?
No difference
What is difference between bill and voucher?
what is different between bill and voucher
What is draft bill of lading?
whta is Abbreviation draft bill of lading؟
What are the documents required for export?
Invoice,Packing list,GSP ( certificate of Origin ),LC,Exchange Draft,Air way bill,shipping bill,exchange controll copy,beneficiery certificate,undertaking certificate,SDF form,N form
What is the difference between a bill and a receipt?
a bill is what you owe and a receipt is what you gave.
