Advertisements
Advertisements
Question
Answer in one sentence only.
Who is Drawer?
Solution
A person who writes or draws up a bill is known as drawer. He is the seller or the creditor entitled to receive money from someone. The bill of exchange is signed by the drawer of the bill.
APPEARS IN
RELATED QUESTIONS
A person who accepts the bill is called __________
There are _____ parties to a bill of exchange.
Answer the following question in one sentence only.
Who is Drawee?
Give word / term or phrase for the following statement.
A person who draws a bill of exchange.
Give word / term or phrase for the following statement.
A person on whom a bill of exchange is drawn.
Answer the following question in one sentence.
Who is ‘Payee’ ?
Select the most appropriate alternative from those given below and rewrite the statement.
There are ____________ parties to the Bill of Exchange.
