Difference between Bill of Exchange and Promissory Note

This article will help you to learn about the difference between a bill of exchange and a promissory note. Difference between Bill of Exchange and Promissory Note Bill of Exchange 1. Drawer: It is drawn by a creditor. 2. Parties: There are three parties: (i) Drawer, (ii) Drawee and (iii) Payee. 3. Acceptance: A bill of exchange requires acceptance of [...]