Like a promissory note, a bill of exchange may also be drawn in any form provided the essential elements required for a Bill of Exchange are satisfied.
Let us look at a specimen of 'Bill of Exchange':
i)
On demand pay to Mrs. Lalwani or order the sum of Rs. 500 only.
QUESTIONS
A.
Task at hand:
1.
Prepare a Bill of exchange as per example for Rs. 10,000 in English for specimen A.
2.
Prepare a Bill of Exchange in any language excepting in English for specimen B.
