Term the written order which directs that a specified sum of money be paid to a specified person ?
Correct answer: A. Bill of Exchange BE
- A. Bill of Exchange BE
- B. Bill of Lading
- C. Bearer Cheque
- D. None of them
Explanation
A bill of exchange is a written and generally unconditional order requiring one party to pay a specified sum to a named person or order. A bill of lading records shipment of goods, while a bearer cheque is a particular type of cheque.
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