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Charge against Profits

Which of the ...

Question

Which of the parties not included in promissory notes?

A

Drawee

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B

Payee

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C

Drawer

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D

Endorsee

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Solution

The correct option is D Endorsee
Party not included in promissory note is Endorsee .
There are two parties included in a promissory note Maker or drawer is the person who makes or draws the promissory note, and drawee or payee is the person in whose favour the promissory note is drawn.

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