Which of the following needs acceptance of drawee?
A
Promissory Note
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Bills of Exchange
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Both
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A Bills of Exchange Bills of exchange needs accrptance of drawee. Only after acceptance by the drawee(person who has to pay) Bill of exchange becomes valid.