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Bills of exchange

Sri Maynak has drawn the following bills of exchange on Sri Sanjay :

For goods sold, Nair draws the following bills on Roy who accepts the same as per terms :

On 18th March, 2015, it is agreed that the above bills will be withdrawn and the acceptor will pay the whole amount in one lump sum by a cheque, 15 days ahead of average due date and for this a rebate of

~ 1,000 will be allowed.

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