The person, to whom or as per his order amount of bill is payable, is a payee.
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.
Is there an error in this question or solution?
Solution The Person, to Whom Or as per His Order Amount of Bill is Payable, is a Payee. Concept: Parties to the Bill of Exchange.