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Question
Answer the following question in one sentence.
Who is ‘Payee’ ?
One Line Answer
Solution
Payee is the person or party to whom the amount of bill is made payable.
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Parties to the Bill of Exchange
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RELATED QUESTIONS
A person who accepts the bill is called __________
The person, to whom or as per his order amount of bill is payable, is a payee.
There are _____ parties to a bill of exchange.
Answer in one sentence only.
Who is Drawer?
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.
Select the most appropriate alternative from those given below and rewrite the statement.
There are ____________ parties to the Bill of Exchange.
