Do you agree or disagree with the following statement

1) A bill of exchange is a conditional order.
Ans:- Disagree

2) The party which is ordered to pay the amount is known as the payee.
Ans:- Disagree

3) The person in whose favour the bill is endorsed is known as endorsee.
Ans:- Agree

4) Rebate or discount given on retiring a bill is an income to the Drawee.
Ans:- Agree

5) A bill from the point of view of debtor is called Bills payable.
Asn:- Agree

6) In case of bill drawn payable ‘on-demand,’ no grace days are allowed.
Ans:- Agree

7) A bill is required to be accepted by Drawer
Ans:- Disagree

8) A bill of exchange need not be dated.
Ans:- Disagree

9) A bill before acceptance is called Promissory Note.
Ans:- Disagree

10) Renewal is request by Drawee to extend the credit period of the bill.
Ans:– Agree