X draws a bill on Y for Rs. 3,000. X endorsed this bill to Z. Y will pay the bill amount to :

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Himself

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None of the above

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Solution

The correct option is B
Z

Since the bill has been endorsed in favor of Z, Y will have to pay the amount to Z.

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X draws a bill on Y for Rs. 3,000. X endorsed this bill to Z. Y will pay the bill amount to :

The correct option is B Z Since the bill has been endorsed in favor of Z, Y will have to pay the amount to Z.

The correct option is B
Z

Since the bill has been endorsed in favor of Z, Y will have to pay the amount to Z.