A bill of lading also serves as a receipt for the buyer. A bill of exchange is proof of payment, much like a promissory note, that legally requires the buyer to pay an agreed-upon amount by a ...

Bills of exchange are more often used in international trade, whereas promissory notes are used most often in domestic trade. A bill of exchange is a written agreement between two parties—the ...

A bill of lading also serves as a receipt for the buyer. A bill of exchange is proof of payment, much like a promissory note, that legally requires the buyer to pay an agreed-upon amount by a ...