banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
< Back to questions :: Q&A / Shipping / Beauty Supplies

Bill of Exchange

Shipping
Beauty Supplies
From Chile
To Nigeria
554 views / 0 experts
Oct 15, 2020

What effect does the use of a bill of exchange have in trade dealings?

1 answer

Jasmine G.
Oct 15, 2020

A bill of exchange is a demand for payment issued by the seller to the buyer. A valid bill of exchange facilitates payment of trade transactions and provides a more straightforward way of debt recovery in the event of default than relying on the underlying commercial contract. A bill of exchange is not a guarantee of payment. However, it does allow for legal recourse against the acceptor in the event that payment is not made.

read more

Top Rated Experts

Raymond Yang
Raymond Y.
Leon Lacroix
Leon L.
Amber Stellingwerf
Amber S.
This website uses cookies. By using this website, you consent to our use of these cookies