Question

A bill of exchange is drawn by the drawer upon his drawee.

• A. True
• B. False

Answer 1

The correct option is A True

A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee.

The party upon whom the bill is drawn is called the drawee. He is the person to whom the bill is addressed and who is ordered to pay. He becomes an acceptor when he indicates his willingness to pay the bill.