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Bill of Exchange

Forums › ACCA Forums › ACCA LW Corporate and Business Law Forums › Bill of Exchange

  • This topic has 4 replies, 3 voices, and was last updated 10 years ago by MikeLittle.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • January 26, 2015 at 8:48 am #223748
    martin
    Member
    • Topics: 17
    • Replies: 40
    • ☆☆

    Can anyone clarify the parties to a BoE

    The Open tuition text is unclear and contradicts the info provided by my Bank
    Which states that the
    The Drawer – Is the party that issues a Bill of Exchange – usually the seller.

    The Drawee – Is the recipient of the Bill of Exchange – usually the buyer.

    The Payee – Is the party to whom the Bill is payable; usually the seller or their bankers.

    https://www.aibtradefinance.com/tf/frontBOEPage1.asp

    This contradicts Page 54 of Open tuition notes and im totally confused

    January 26, 2015 at 10:52 pm #223862
    martin
    Member
    • Topics: 17
    • Replies: 40
    • ☆☆

    any one know the answer Please – Im sitting CBE tomorrow

    January 26, 2015 at 11:13 pm #223864
    martin
    Member
    • Topics: 17
    • Replies: 40
    • ☆☆

    Thanks BPP text book – bank info is incorrect

    February 19, 2015 at 6:31 am #229126
    Ruby
    Member
    • Topics: 4
    • Replies: 46
    • ☆☆

    @mfe100 said:
    any one know the answer Please – Im sitting CBE tomorrow

    how was your cbe exam?

    February 20, 2015 at 9:38 pm #229395
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    Glad to see that you agree that the bank is incorrect 🙂 and that the OT notes are right (and presumably also BPP too)

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
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