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Outline four circumstances under which a bill of exchange may be preferred as means of payment.

Outline four circumstances under which a bill of exchange may be preferred as means of payment.

Answers

william
i. When it is the policy of the business.
ii. When one is importing goods from other countries.
iii. When the seller or trader wants to make the payment legal.
iv. In case the debt can be discounted.
v. In case the seller wants to use another party to collect the debt on his/her behalf.
vi. Where the seller is willing to negotiate the payment date.
steve williams answered the question on November 6, 2017 at 08:03

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