set of exchange

set of exchange. Commercial law. A single bill of lading drawn in a set of parts, each of which is valid only if the goods have not been delivered against any other part. • Bills may be drawn in duplicate or triplicate, the first part being “first of exchange,” the second part being “second of exchange,” and so on. When one part has been paid, the other parts become void.

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词条贡献者

法律翻译Scott，毕业于新加坡知名法学院，专注翻译各类与豪华住宅买卖有关的法律文件。