Person named in the instrument to whom money is directed to be paid ........

Commercial and Business Laws Negotiable Instrument Act

Person named in the instrument to whom money is directed to be paid:

Drawer

Acceptor

Maker

Payee

Let’s break this down:

- Drawer: This is the person who writes a bill of exchange—think of them as the creator of the order to pay.

- Acceptor: This one accepts responsibility to pay the bill—usually, it’s the drawee who becomes the acceptor by signing the bill.

- Maker: When it comes to promissory notes, this is the person who promises to pay.

- Payee : Here’s the thing, the payee is the person named in the instrument—the actual one who gets the money.

So, the right answer is option 4, payee.

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