Drawer and payee of a bill of exchange may be one and the same person.
A drawer draws the bill of exchange upon the buyer/debtor. Payee is the person to whom payment has to be made and his/her name is mentioned on the Bill of Exchange. Usually, Drawer is the payee. Therefore, drawer and payee may be one and the same person.
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- Bill of Exchange Examples and Solutions
Solution Drawer and Payee of a Bill of Exchange May Be One and the Same Person. Concept: Bill of Exchange Examples and Solutions.