Question

A bill of exchange is drawn by the creditor.

• A. True
• B. False

Answer 1

The correct option is A True

A bill of exchange is generally drawn by the creditor upon his debtor and is defined as an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of a certain person or to the bearer of the instrument.