Question

There are _____ parties to a bill of exchange.

Options

• Two

•  Four

• Three

• Five

Answer 1

There are three parties to a bill of exchange.

Explanation:

There are three parties to a bill of exchange. These are:

a. The drawer (maker of the the bill),

b. The drawee (acceptor of the bill),

c. The payee (receiver of the bill amount)

Hence, the correct answer is option (c).