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Write True Or False Drawee Can Transfer the Ownership of the Bill. - Book Keeping and Accountancy

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Question

Write True or False
Drawee can transfer the ownership of the bill.

Options

  • True

  • False

MCQ
True or False
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Solution

False
Explanation:
A drawee cannot transfer the ownership of a bill. The drawer or the holder of a bill can transfer the bill of exchange by signing the bill of exchange, i.e. by endorsement.

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Chapter 9: Bill of Exchange (Trade Bill) - Exercise 3 [Page 316]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 9 Bill of Exchange (Trade Bill)
Exercise 3 | Q 11 | Page 316
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