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Bill of Exchange(BOE)

A person in w...

Question

A person in whose favor the bill is drawn is called ___________.

A

Drawer

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B

Drawee

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C

Payee

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D

Bank

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Solution

The correct option is C 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.

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