The is entitled to receive the payment of bill of exchange.

drawer

No worries! We‘ve got your back. Try BYJU‘S free classes today!

drawee

No worries! We‘ve got your back. Try BYJU‘S free classes today!

payer

No worries! We‘ve got your back. Try BYJU‘S free classes today!

payee

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D payee
The party who is entitled to receive the payment of bill of exchange is known as payee.
Payee may be third person or drawee himself.

Suggest Corrections

Similar questions

The party which is entitled to receive the payment of bill of exchange is known as :

In case of a bill of exchange, the drawee is entitled to have three days for making payment of the bill but in case of a _____________ is always payable on demand.

Bill of exchange is a document for payment to be received from the exporter.

Q. ________will be entitled to receive arrears of their dividend.

Q. Who is entitled for bonus under the Payment of Bonus Act, 1965?

Join BYJU'S Learning Program

The is entitled to receive the payment of bill of exchange.

The correct option is D payeeThe party who is entitled to receive the payment of bill of exchange is known as payee. Payee may be third person or drawee himself.

The correct option is D payee
The party who is entitled to receive the payment of bill of exchange is known as payee.
Payee may be third person or drawee himself.