Question

What Are the Three Parties to the Bill of Exchange?

Answer 1

The three parties to the bill of exchange are:

1. Drawer (Also known as the maker of the bill of exchange)
2. Drawee (Upon whom the bill of exchange is drawn)
3. Payee (The drawer or a third person who will be receiving the payment)

Also read:

• MCQs on Bills of Exchange
• Difference Between Bill of Exchange and Promissory Note
• Bill of Exchange

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