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Negotiable Instrument Act provides a bill of exchange may be drawn in parts. Each part should be numbered consecutively and should declare that it shall continue payable so long as the others remain unpaid. All the parts together makes a set but the whole set constitute only one bill and would be extinguished when any part is paid.

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11y ago
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3d ago

Bills in sets, such as currency notes grouped together, are typically used for easier counting and handling in business transactions. They provide a convenient way to organize and manage cash for businesses and individuals who deal with large amounts of money.

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Q: What is the purpose of bills in sets?
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