⑥灭串科技尖婴m温 eachange and a pamedon wate a The nature of a promissory note has much in common with that of a bill of exchange. However there are some differences between these two instruments, which lie in: a()A promissory note is a promise to pay, whereas 授 课 a bill of exchange is an order to pay Ek -(2)There are only two parties to a promissory yif note, namely the marker and the payee, whereas there are three parties to a bill of exchange namely the drawer, the drawee and the payee
授 课 教 师 狄 琳 娜 2.2 Differences between a bill of exchange and a promissory note ◼ The nature of a promissory note has much in common with that of a bill of exchange. However, there are some differences between these two instruments, which lie in: ◼ (1) A promissory note is a promise to pay, whereas a bill of exchange is an order to pay; ◼ (2) There are only two parties to a promissory note, namely the marker and the payee, whereas there are three parties to a bill of exchange, namely the drawer, the drawee and the payee
⑥灭串斜技m a的awio0yote a3)The maker is primarily liable on a promissory note, whereas the drawer is primarily liable, if it is a sight bill and the acceptor becomes primarily liable if it is a time 授 bil 课 Ek(4)When issued, a promissory note has an pp original note only, whereas a bill of exchange and third of exchange in addition to the original one
授 课 教 师 狄 琳 娜 2.2 Differences between a bill of exchange and a promissory note ◼ (3) The maker is primarily liable on a promissory note, whereas the drawer is primarily liable, if it is a sight bill and the acceptor becomes primarily liable, if it is a time bill. ◼ (4) When issued, a promissory note has an original note only, whereas a bill of exchange and third of exchange in addition to the original one
⑥灭串科技尖婴m温 2. 2 Dilereuced between a lill t erchange and a 如aw00tote All in all the major difference between a promissory note and a bill of exchange is that the maker of a note promises to personally pay 授 the payee, rather than ordering a third party to 课 do so 师
授 课 教 师 狄 琳 娜 2.2 Differences between a bill of exchange and a promissory note ◼ All in all, the major difference between a promissory note and a bill of exchange is that the maker of a note promises to personally pay the payee, rather than ordering a third party to do so
5. hague e 8 Cheque for US$3,000.- Shanghai, May 5, 1999 Pay to the order of ohn Smith the sum of three thousand u.s. dollars To: Bank of China Shanghai, china 授 For China National arts& crafts 课 Import&Export Corp. 师 Shanghai branch (signed)
授 课 教 师 狄 琳 娜 3.Cheque ◼ e.g. ◼ Cheque for US$3,000.- Shanghai,May 5,1999 Pay to the order of John Smith the sum of three thousand U.S. dollars. To:Bank of China Shanghai, China For China National Arts&Crafts Import&Export Corp. Shanghai Branch (signed)
⑥天串科太 Section 2 Remittance and collection ■2.1 Remittance a definition of remittance a b parties related to a remittance ■ cways of transfer 投■ d. application of remittance 课 师
授 课 教 师 狄 琳 娜 Section 2 Remittance and Collection ◼ 2.1 Remittance ◼ a.definition of remittance ◼ b.parties related to a remittance ◼ c.ways of transfer ◼ d.application of remittance