Question

A bill of exchange renewed generally at the request of ?

• A. Drawer of the bill
• B. Drawee of the bill
• C. Payee of the bill
• D. All of the above

Answer 1

The correct option is B

Drawee of the bill

Because of the inability of the drawee to pay the amount of bill he requests the drawer to substitute the old bill with a new one, this is called the renewal of the bill.