Which of the following is/are party/parties to a cheque __________.

Drawer

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Drawee

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Payor

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All of the above

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Solution

The correct option is C Payor
Parties to a cheque are :
1. Drawer - the person who writes the cheque
2. Payee - the person to whom the order or a cheque is made out
3. Payor - the bank where the person has an account through which cheque is paid.

Suggest Corrections

Similar questions

Consider the following statements on parties.

Α. Political parties do not enjoy much trust among the people.

Β. Parties are often rocked by scandals involving top party leaders.

C. Parties are not necessary to run governments.

Which of the statements given above are correct?

(a) A, B and C

(b) A and B

(d) A and C

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