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Question
Kinds of Negotiable Instruments
The person to whom the amount is payable on any negotiable instrument is called as -.
Kinds of Negotiable Instruments
The person to whom the amount is payable on any negotiable instrument is called as -.
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Solution
The correct option is A the payee
As per section 7 of the act, payee is the person named in the instrument, to whom or to whose order the money is by the instrument directed to be paid
As per section 7 of the act, payee is the person named in the instrument, to whom or to whose order the money is by the instrument directed to be paid
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