Back to Course

SS3: COMMERCE - 1ST TERM

0% Complete
0/0 Steps
  1. Business and Its Environment | Week 1
    2 Topics
    |
    1 Quiz
  2. Introduction to Marketing | Week 2
    6 Topics
    |
    2 Quizzes
  3. Consumer Protection | Week 3
    1 Topic
  4. Instruments for Protection | Week 4
    9 Topics
  5. Agencies that Educate and Protect Consumers | Week 5
    8 Topics
    |
    2 Quizzes
  6. Business Documents | Week 6
    3 Topics
    |
    2 Quizzes
  7. Means of Payment | Week 7
    5 Topics
    |
    1 Quiz
  8. Commercialization | Week 8
    4 Topics
  9. Privatization | Week 9
    4 Topics



  • Do you like this content?

  • Follow us

Lesson Progress
0% Complete

1. Bill of Exchange: This is an order made by the seller to the buyer requesting him to make payment to him at a particular time in the future. Normally, the supplier prepares a bill of exchange for endorsement and acceptance by the customer. It can be discounted with a bank.

2. Promissory Note: It is a promise made by the buyer to the seller to pay a certain sum of money at a future date.

3. I Owe You (IOU): It is an acknowledgment of debt made on writing. It shows an outstanding that one person owes another. Though it is not a negotiable instrument but evidence of indebtedness.

Responses

Your email address will not be published. Required fields are marked *

back-to-top
error: