Do you agree or disagree with the following statements:
i. A bill of exchange is a conditional order.
ii. The party which is ordered to pay the amount is known as the payee.
iii. The person in whose favour the bill is endorsed is known as the endorsee.
iv. Rebate or discount given on retiring a bill is an income to the Drawee.
v. A bill from the point of view of the debtor is called Bills payable.
