A person who is directed to pay the amount of bill of exchange is known as ........

Negotiable instrument Act Others

A person who is directed to pay the amount of bill of exchange is known as

Drawer

Drawee

Payee

Creditor

- Drawer:

- The person who makes or writes the bill of exchange.

- They order the payment.

- Drawee:

- The person directed to pay the bill.

- This is typically a bank.

Answer: Drawee – This option is correct.

- Payee:

- The person to whom the payment is made.

- They receive the payment.

- Creditor:

- A person or entity to whom a debt is owed.

- Not specifically related to bills of exchange.

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