Question

Renewal of bills of exchange is requested to __________.

• A. Drawer of the bill
• B. Drawee of the bill
• C. Payee of the bill
• D. All of the above

Answer 1

The correct option is A

Drawer of the bill

Sometimes, the drawee shows his inability to pay the amount of bill before the date of maturity, in such cases, he requests the drawer to renew the bill.