Question

The person to whom the amount of cheque is payable or paid is called payee.

• A. True
• B. False

Answer 1

The correct option is A True

The maker of a cheque is called the 'drawer', and the person directed to pay is the 'drawee'. The person named in the instrument, to whom or to whose order the money is, by the instrument directed, to be paid, is called the 'payee'.