Bill of exchange is drawn by ________.

creditor

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debtor

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customer

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any of the above

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Solution

The correct option is A creditor
According to Negotiable Instruments Act, 1881, a bill of exchange is defined as an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of a certain person or to the bearer of the instrument. A bill of exchange is generally drawn by the creditor upon his debtor.

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