Which of the following refer to Bill of Exchange?
i. The maker is the debtor.
ii. The liability of the drawer is secondary and conditional.
iii. An unconditional order to pay.
Correct answer is
1
i and ii
2
ii and iii
3
i and iii
4
only i
Which of the following refer to Bill of Exchange?
i. The maker is the debtor.
ii. The liability of the drawer is secondary and conditional.
iii. An unconditional order to pay.
Correct answer is