the order of a certain person or to the bearer of the instrument. The following features of a bill of exchange emerge out of this definition. A bill of exchange must be in writing. It is an order to make payment.
The order to make payment is unconditional. The maker of the bill of exchange must sign it. The payment to be made must be certain. The date on which payment is made must also be certain.
The bill of exchange must be payable to a certain person.