Multiple choice

Which of the following statements is false?

  1. B/R is a negotiable instrument

  2. B/R must be accepted by drawee

  3. There can be three parties in respect of bills of exchange - drawer, drawee and payee

  4. Oral bill of exchange is also valid
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 A bill of exchange is a written document.

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