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प्रश्न
A bill of exchange is signed by the person on whom it is drawn.
विकल्प
True
False
उत्तर
This statement is false.
Explanation:
A bill of exchange is signed by the drawer (the person who creates it), not the drawee. The drawee signs it only to accept the bill, confirming their obligation to pay.
APPEARS IN
संबंधित प्रश्न
Drawee can transfer the ownership of a bill.
Answer in one sentence only.
Who is a Drawer?
Give word / term or phrase for the following statement.
Acceptance without making any change in the terms of a bill.
Give word / term or phrase for the following statement.
Acceptance with some changes as regards the terms of a bill.
Write True or False.
Bill of exchange is an instrument in writing, containing an unconditional order.
State whether the following statement is True or False.
A person to whom or as per his order, amount of bill is payable is a Payee.
Write True or False.
Acceptance with some change as regards the terms of a bill general acceptance.
Write True or False.
Drawee is a person who holds the title of the bill in due course.
Write True or False
Drawee can transfer the ownership of the bill.
A person on whom a bill of exchange is drawn is called as _______
