The person directed to pay in a bill of exchange or cheque is called the:
Under s.7 of the Negotiable Instruments Act, 1881, the person directed by the drawer to pay is called the drawee, distinct from the drawer who makes the instrument.
Choose your answer
The person directed to pay in a bill of exchange or cheque is called the:
Answer and explanation
Correct answer C
Under s.7 of the Negotiable Instruments Act, 1881, the person directed by the drawer to pay is called the drawee, distinct from the drawer who makes the instrument.
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