The person who draws the cheque and signs on it is the ______.

drawer

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drawee

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payee

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all of the above

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Solution

The correct option is B drawer
Drawer is the maker of the bill of exchange. A seller/creditor who is entitled to receive money from the debtor can draw a bill of exchange upon the buyer/debtor. The drawer after writing the bill of exchange has to sign it as maker of the bill of exchange.

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Similar questions

___cheque is a cheque which is payable to any person who presents it for payment at the bank counter.

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