a. The similarities between a note and a bill are as follows: (1)The ______ of a note is same as that of a bill. (2)The ______ of a note shall be deemed to correspond with the acceptor of a bill. (3)The ______ of a note shall be deemed to correspond with the drawer of an accepted bill payable to drawer's order. b. The differences between a bill and a note are as follows: Bill (1)A bill is an unconditional order to pay. (2)A bill has three basic parties, namely drawer. drawee and payee. (3)Where payable after date, a bill is generally accepted. (4)An acceptance can be conditional. (5)Before acceptance the drawer is primarily liable for payment, but after acceptance, the acceptor becomes primarily liable for payment. (6)A bill can be accepted for honour. (7)A bill can be drawn in a set. Note (1)A note is an ______. (2)A note has two basic parties namely ____________. (3)A note is ____________. (4)A promise to pay can ______. (5)A maker is always the party __________________. (6)A note ______ accept for honour. (7)A note ______ be drawn in a set.