Question

Drawee means a person who ___________.

• A. makes the order
• B. accepts it
• C. payee
• D. all of the above

Answer 1

Answer: (B)

accepts it

Drawee is a party to the bill of exchange. Drawee is the person upon whom the bill of exchange is drawn. He is the purchaser or debtor of the goods upon whom the bill of exchange is drawn. The person who accepts the bill is called the acceptor. Normally, the drawee and the acceptor are the same . Drawee means a person who accepts the bill of exchange, but a third person may accept a bill on behalf of the drawee.