Arnab orders Yamini to pay 50 000 for 90 days after date and Yamini accepts this order by signi...........

Negotiable instrument Act Others

Arnab orders Yamini to pay ? 50,000 for 90 days after date and Yamini accepts this order by signing her name. Yamini is.................?

drawer

drawee

maker

payee

- In this case, Arnab orders Yamini to pay a certain sum. That means Arnab is the drawer (the person who creates and signs the bill).

- Yamini, who is ordered to pay and accepts it by signing, is called the drawee. Once she accepts, she becomes the “acceptor” as well.

- The maker is the person who promises to pay in a promissory note, not a bill of exchange. In this situation, this term does not apply.

- The payee is the person who will receive the payment, which is not Yamini in this case unless specifically mentioned.

Correct Answer: Option 2 – Drawee

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