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Question
The party which is ordered to pay the amount is known as __________.
The party which is ordered to pay the amount is known as __________.
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Solution
The correct option is D Drawee
The person who draws the bill is called the drawer. He gives the order to pay money to third party. The party upon whom the bill is drawn is called the drawee. He is the person to whom the bill is addressed and who is ordered to pay.
The person who draws the bill is called the drawer. He gives the order to pay money to third party. The party upon whom the bill is drawn is called the drawee. He is the person to whom the bill is addressed and who is ordered to pay.
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