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    Faizan Qasim
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    This document discusses the history and types of bills of exchange. It begins with the origins of bills of exchange in China and their later use by Arab and Italian merchants. It defines a bill of exchange as a written order requiring payment from one person to another. The document outlines types of bills like discounted, dishonored, and retired bills. It lists essential elements for a bill to be valid like being in writing, signed, having three parties, being for a specific amount and addressed to a specific payee. It also categorizes bills as inland or foreign, commercial, accommodation, demand or time bills.

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    Fm 2

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    This document discusses the history and types of bills of exchange. It begins with the origins of bills of exchange in China and their later use by Arab and Italian merchants. It defines a bill of exchange as a written order requiring payment from one person to another. The document outlines types of bills like discounted, dishonored, and retired bills. It lists essential elements for a bill to be valid like being in writing, signed, having three parties, being for a specific amount and addressed to a specific payee. It also categorizes bills as inland or foreign, commercial, accommodation, demand or time bills.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    4 views13 pages

    FM 2

    Uploaded by

    Faizan Qasim
    This document discusses the history and types of bills of exchange. It begins with the origins of bills of exchange in China and their later use by Arab and Italian merchants. It defines a bill of exchange as a written order requiring payment from one person to another. The document outlines types of bills like discounted, dishonored, and retired bills. It lists essential elements for a bill to be valid like being in writing, signed, having three parties, being for a specific amount and addressed to a specific payee. It also categorizes bills as inland or foreign, commercial, accommodation, demand or time bills.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 13

    Financial management 2

    TOPIC
    BILL OF EXCHANGE

    FAHAD JAVAID 002

    AIMEN ASIF QUREHI 058

    Group members
    AHSAN SHAFIQUE 66-09

    SUNDAS RAFIQ
    130

    History
    Originated in China Later used by Arab merchants (10-13th century) Italian merchants (12th century) Italy (12-15th century) Franc (16-18th century) Germany (19th century)

    Bill of Exchange
    A written order signed by one person (drawer) requiring a second person (drawee) to pay on demand or at a stated date an amount of money to, or to the order of, a specified person or the bearer (payee).

    Types of Bill of exchange


    Discounting bill of exchange Dishonored bill of exchange Retiring of bill of exchange.

    Is Present in Pakistan or not?????

    Essentials of a bill
    Must be in writing. Must be signed by the drawer. There must be three parties to the instrument and the parties must be certain. Must be an order not a request or promise.

    Essentials of a bill
    Must be for a specific amount of money It must be addressed to a specific person. The bill is payable at a certain date or on demand. Must comply with the formalities as regards date, consideration, stamp etc.

    2)Foreign bill

    1)Inland bill

    commerci al bill

    Kinds of Bill of Exchange 4)Accomm 6)Demand


    bill 5)Time bill

    odation bill

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