State whether the following statements are True or False with reasons:

1.	State whether the following statements are True or False with reasons:An Inland bill is one that is drawn in one country and payable in another country.
Answer» This statement is False. Inland bill means, a bill drawn, accepted, and made payable within the territory of one and same, country. So, a bill is drawn in one country and payable in another country can’t be an inland bill.

State whether the following statements are True or False with reasons:An Inland bill is one that is drawn in one country and payable in another country.

Answer»

This statement is False.

Inland bill means, a bill drawn, accepted, and made payable within the territory of one and same, country. So, a bill is drawn in one country and payable in another country can’t be an inland bill.

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State whether the following statements are True or False with reasons:An Inland bill is one that is drawn in one country and payable in another country.

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