Under which circumstance drawer and payee will be the same person :

When drawer discounted the bill with banker

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When drawer endorse the bill to the third party

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When drawer held the bill till maturity

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None of the above

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Solution

The correct option is C
When drawer held the bill till maturity

When drawer held the bill till maturity.

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Similar questions

Drawer and payee are same in which of the following situation

Drawer and Payee can be the same person in case of a bill of exchange. Is the statement true?

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