Mr. D draws bill in India payable in USA on a person resident in India. It is:

CS CSEET · Business Laws and Management · PYQS · October 2026
Mr. D draws bill in India payable in USA on a person resident in India. It is:
(A) Foreign bill
(B) Inland bill
(C) Accommodation bill
(D) Bank draft

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Inland bill.

Topics: Negotiable Instruments Act, 1881

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