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Question
State True or False with reason:-
Drawee can transfer the ownership of the bill.
Options
True
False
MCQ
True or False
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Solution
This statement is False.
Drawee is a debtor. He has to pay the amount of the bill to its holder on the due date. Hence he cannot transfer its ownership to another person. Drawer can transfer the ownership of the bill as he is the owner of the bill.
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