Advantages of Bills of Exchange
Bill of Exchange facilitates the facilitate of trade credit to a buyer.Bill of Exchange provides a legal acknowledgement that a debt exists. Bill of Echange provide the seller with access to financing.Bill of Echange can provide easy access to the legal systems in the event of non-payment.
Learning Objective: What are the main advantages of bills of exchange? The following are the advantages of a bill of exchanges: It is a legal evidence of debt. It is a convenient method for the transfer of debt A creditor can sue on the
