Understanding Bill of Exchange: Types, Due Dates, and Acceptance

This video tutorial explores the concept of a Bill of Exchange, covering its terms, types of acceptance, and various scenarios involving drawing and endorsing bills. It includes exercises on calculating due dates and evaluating true or false statements related to bills. The session concludes with a brief promotion of the channel for more educational content.

What is the pay of the bill when Mr. John draws a bill on Mr. Harry on 30th April?

Who is the endorser when Mr. John endorses the bill to Mr. Eric?

What is the legal due date of a bill drawn on 20th 2016 with a duration of 10 days?

If a bill is drawn on 1st October and accepted on 4th October with a duration of 25 days, what will be the nominal and legal due date?

State the due date of a bill drawn on 3rd November 2016 with a duration of 20 days.

Is Roy the person who has to pay the bill amount? State true or false.

What type of acceptance is being referred to in the last question?