Which of the Following Is NOT an Advantage of a Bill

question 7

Multiple Choice

Which of the following is NOT an advantage of a bill of exchange?

• A) In the event of a dishonour, the holder has rights against the prior parties to the bill.
• B) A single bill can be used to settle two or more debts.
• C) The holder of the bill can only demand payment if they are named on the bill.
• D) The creditor can sue on the bill itself without referring back to the original contract which created the debt.