Advertisements
Advertisements
Question
Give word / term or phrase for the following statement.
A person on whom a bill of exchange is drawn.
One Word/Term Answer
Advertisements
Solution
Drawee
Explanation: The person on whom the bill is drawn, and who is required to pay the amount mentioned in the bill, is called drawee. He is the purchaser or the debtor and is liable to make payment to the drawer.
shaalaa.com
Is there an error in this question or solution?
