Which of the following means of payment requires acceptance by the debtor to make it valuable?

  • A Bearer's cheque
  • B Bill of exchange
  • C Postal order
  • D Promissory note
waec 2021commerce

The correct answer is B. Bill of exchange

A bill of exchange is of real use if it is accepted by the person directed to pay the amount. For example, if Mr. X orders Mr. Y to pay N10,000 for 90 days after the date and Y accepts this order by signing his name, then it will be a bill of exchange.

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