Chapter No. 15 – Bills of Exchange – USHA Publication Class +1 – Solution

In this article, we have provided the Question wise solution to all Questions of Chapter No. 15 – Bills of Exchange – USHA Publication Class +1, But first of all, we have explained the meaning of Depreciation: –

What is a Bill of exchange?

A bill of exchange is an instrument that contains a promise to pay some amount of money to a certain person after a certain period of time. It is generally drawn by the creditor(maker or drawer) on his debtor(acceptor or drawee) and the debtor gives the acceptance that he will pay the money to the maker(drawer) after some certain period or a specific date. It should be accepted by the person to whom it is created or by another person on his/her behalf. Without acceptance, this document doesn’t have any value.

Definition: –

“A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.”

-Section 5 of India’s Negotiable Instruments Act, 1881

Check out the full article: –

https://tutorstips.com/bill-of-exchange/

Check out full article in Hindi on Tutorstips.in 

https://tutorstips.in/bill-of-exchange

Check out the full article: –

Bill of exchange (BOE): Meaning and Examples

Also, Check out the same article in Hindi from the following link

Bill of exchange (BOE): Meaning and Examples – in Hindi

Chapter No. 15 – Bills of Exchange – USHA Publication Class +1 – Solution

Question wise solution of the all Questions of Chapter No. 15 – Bills of Exchange – USHA Publication Class +1 – Solutions are shown below: –