The maker of a bill of exchange or cheque is called the:
Under s.7 of the Negotiable Instruments Act, 1881, the maker of a bill of exchange or cheque is called the drawer, while the person directed to pay is the drawee.
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The maker of a bill of exchange or cheque is called the:
Answer and explanation
Correct answer B
Under s.7 of the Negotiable Instruments Act, 1881, the maker of a bill of exchange or cheque is called the drawer, while the person directed to pay is the drawee.
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