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Question
A person who accepts bill is called ____________.
A person who accepts bill is called ____________.
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Solution
The correct option is D Both B and C
The person on whom the bill is drawn is called drawee. Bill needs to be signed(accepted) by the drawee, Therefore when drawee accepts the Bill, it also becomes the ACCEPTOR
The person on whom the bill is drawn is called drawee. Bill needs to be signed(accepted) by the drawee, Therefore when drawee accepts the Bill, it also becomes the ACCEPTOR
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