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“A Bill of Exchange is an instrument in writing, containing an unconditional order signed by the, maker, directing a certain person to pay a certain, sum of money only to, or the order of, a certain, person or to the bearer of the instrument.”, Section 5 of the Negotiable Instrument Act, 1881, , Features of a Bill Exchange are:, 1. A bill of exchange must be in writing, , 2. It must contain an order (and note a request), to make payment., , 3. The order of payment must be unconditional., , 4. The amount of bill of exchange must be, certain., , 5. The date of payment should be certain., 6. It must be signed by the drawer of the bill., , 7. It must be accepted by the drawee by signing, on it., , 8. The amount specified in the bill exchange in, payable either on demand on the expiry of a fixed, period.