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Question
State True or False with reason:-
Drawee can transfer the ownership of the bill.
Options
True
False
Solution
This statement is False.
Drawee is a debtor. He has to pay the amount of the bill to its holder on the due date. Hence he cannot transfer its ownership to another person. Drawer can transfer the ownership of the bill as he is the owner of the bill.
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RELATED QUESTIONS
The person on whom a bill is drawn is called a ______.
Nothing charges are borne by ____________.
The person who accepts the bill treats the bill as ________.
Give one word/phrase/term which can substitute the following statement:-
Three extra days which are allowed over and above the term of bill.
Give one word/phrase/term which can substitute the following statement:-
A person who is entitled to receive the amount of bill of exchange.
Give one word/phrase/term which can substitute the following statement:-
A person in whose favour a bill endorsed.
State True or False with reason:-
Retirement of bill means payment of the bill before due date.
Find the odd one:-
Find the odd one:-
Answer in one sentence.
Who is payee of the bill?
Do you agree or disagree with the following statement:-
The party which is ordered to pay the amount is known as the payee.
Do you agree or disagree with the following statement:-
A bill from the point of view of debtor is called Bills payable.
Do you agree or disagree with the following statement:-
A bill is required to be accepted by Drawer.
Do you agree or disagree with the following statement:-
Renewal is request by Drawee to extend the credit period of the bill.
Find the odd one:
