A drew a bill upon B for Rs.25,000 payable after 3 months. B endorses the bill in favour of C. In this case, the endorser is and the endorsee is .
A
A
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B
B
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C
C
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D
D
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Solution
The correct options are B B C C The person who endorses the bill is called endorser and the person to whom the bill is endorsed is called as endorsee. In this case, B is the endorser and C is the endorsee.