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Drawer and Pa...

Question

Drawer and Payee can be the same person in case of a bill of exchange. Is the statement true?

A

True

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B

False

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C

Not sure

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D

None of the above

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Solution

The correct option is A
True

Drawer and Payee can be the same person in case of a bill of exchange. The statement is true.

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Similar questions

Q. Drawer and ___________ can not be the same parties in case of a bill of exchange.

Q.
Identify which of the following is true and which is false.
P. A promissory note is a three-party instrument.

Q. In a bill of exchange, there are three parties, drawer, drawee and payee.
R. A promissory note can be made payable to the maker himself.
S. In a bill of exchange, the drawer and payee may be the same person.

Select the correct answer from the options given below-

Q. Payee of a bill of exchange is a person __________.

Q. Payee is the person named in the bill of exchange to whom the amount is payable.

Under which circumstance drawer and payee will be the same person :

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