Question

Identify the document shown below and state Any 6 features of the document.

Answer 1

Document is a Bill of Exchange. 

Features: 

1. It contains an order to pay money. 

2. The order shortly be unconditional 

3. The drawer must sign the bill 

4. The drawee must be a certain person. 

5. The order must be for the payment of money only. 

6. It should be properly stamped.