Does a bill of exchange have to be written?

A) No, in accordance with the Statute of Frauds.
B) No, in accordance with the common law.
C) No, in accordance with the Personal Property Security Act.
D) No, in accordance with the Bills of Exchange Act.
E) Yes, in accordance with the Bills of Exchange Act.

Bills Of Exchange Act

Legislation that governs the creation, transfer, and the rights and obligations involved in bills of exchange, widely used in international trade and finance.

Statute Of Frauds

A legal principle requiring certain types of contracts to be executed in writing and signed by all parties involved to be enforceable.