Question

Who among the following is not a party to a cheque?

• A. The drawer
• B. The acceptor
• C. The drawee
• D. The payee.

Answer 1

The correct option is B The acceptor

Following are the parties to a cheque :

1. The Drawer : The person who draws a cheque is called the drawer.

2. The Drawee : The party on whom such cheque is drawn and who is directed to pay is called the drawee.

3. The Payee : The person to whom the amount of the cheque is payable is called the payee.