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Question
A person on whom the bill of exchange is drawn is called as ________.
A person on whom the bill of exchange is drawn is called as ________.
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Solution
The correct option is B Drawee
After credit purchases, an obligation of repayment arises and in such case if Bill of exchange is drawn it is in the name of the buyer.
Hence, buyer becomes drawee.
After credit purchases, an obligation of repayment arises and in such case if Bill of exchange is drawn it is in the name of the buyer.
Hence, buyer becomes drawee.
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