Any disadvantage of the bill of exchange?
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shellysheldon
Apprentice
Joined: 18 Jan 2008
Posts: 5
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 Posted: 12/21/08 - 09:33 Post subject: |
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| Hello, I could really use your help in answering one question I have been troubling with. Are there any disadvantages of the bill of exchange? I have tried to answer this all by myself but without any success. Feel free to write down anything you know about this issue. Thank you all in advanced. |
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martainn
Apprentice
Joined: 17 Feb 2008
Posts: 8
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| Posted: 12/30/08 - 21:45 Post subject: |
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| Hi, I do not understand your question very well. I do not see how bill of exchange could have some disadvantages. This is simple a type of negotiable instruments. People use this instrument to give orders to their bank to pay to the third persona certain amount of money. This is all. |
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morly
Apprentice
Joined: 09 Apr 2006
Posts: 10
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| Posted: 01/09/09 - 09:57 Post subject: |
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| I am not sure that we can qualify this as a disadvantage but I am not sure that bills of exchange are being used much nowadays. As far as I know this is an ancient form of instruments. However you can check this on the internet. But an expert would provide you with most correct information. |
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whitman
Apprentice
Joined: 28 Nov 2006
Posts: 3
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| Posted: 01/18/09 - 22:09 Post subject: |
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| After I saw your question I have tried to find the answer on the net. Unfortunately I did not have any luck. So I completely understand your position. I can only suggest you that you speak with someone who deals with bills of exchange on daily basis. This is I receipt for getting the right information. |
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