INLAND BILLS:-

Inland bills which is drawn in a country upon persons living in same country. The drawer and acceptor live in same country. Inland bill is also called domestic bill. E.g. Mr. A & Mr. Z both lives in USA. Mr. A sold goods to Mr. Z and Mr. A draws a bill on Mr. Z and Mr. Z accept this. the bill which is prepared between Mr. A & Mr. Z is called inland bill.




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