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Question
The person on whom a bill is drawn is called a ______.
Options
Drawee
Payee
Drawer
Acceptor
MCQ
Fill in the Blanks
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Solution
The person on whom a bill is drawn is called a Drawee.
Explanation:
Drawee is the person on whom the bill is drawn. He has to accept the bill drawn on him. He is the debtor who has to pay money to creditor. For the Drawee the instrument is his “Bills payable”, since he has to pay the amount of the bill.
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