Question

State whether the following statement is True or False.
A person to whom or as per his order, amount of bill is payable is a Payee.

विकल्प

• True

• False

Answer 1

True
Explanation: The person to whom the amount of a bill is payable is known as a payee. The drawer himself or a third party, such as an endorsee, can be the payee of the bill.