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Features of Bill of Exchange

A bill of exc...

Question

A bill of exchange must be signed by ___________.

A

Drawer

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B

Drawee

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C

Payee

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D

Endorser

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Solution

The correct option is B Drawee
Acceptance is Required for a Bill of Exchange for its Legal Validity.
A Bill Before Acceptance is mere a DRAFT.
Hence The Drawee has to accept the Bill i.e Drawee Signs the Bill.

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