Law · Banking and Negotiable Instruments Law
Which of the following statements about bills of exchange is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A seller will only be paid when the drawer is able to honour the bill
- 2Payees may not themselves transfer a bill they possess
- 3Delivery can occur by physically handing over a bearer bill or endorsed order bill✓
- 4A person endorsing a bill is known as the endorsee
Correct answer
Delivery can occur by physically handing over a bearer bill or endorsed order bill
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