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Question
The person in whose favour the bill is transferred.
Solution
Endorsee.
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RELATED QUESTIONS
A person who draws a bill of exchange.
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_______ is a person to whom the amount on a bill is payable.
Answer the following question in one sentence only.
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Bill of exchange is in instrument in writing, which contains unconditional order.
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A Bill of Exchange is a negotiable instrument.
Select the most appropriate answer from the alternatives given below and rewrite the sentence :
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Sukhdev sold goods to Namdev worth ₹ 30000 on 1st March 2013. Namdev accepted a bill for three months , drawn by Sukhdev on 1st March 2013.
Namdev requested on 21st May 2013 to Sukhdev to receive ₹ 10000 and to draw a new bill for the balance for two months. Sukhdev agreed on condition that interest at 12 5 p.a. for two months is to be provided.
Sukhdev then drew a new bill for balance amount plus interest at 12 % p.a. for two months .
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