Multiple Choice Questions on While drawing a bill of exchange a person whose name is given in addition to the drawee who can be r........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

While drawing a bill of exchange a person whose name is given in addition to the drawee who can be r...........

Commercial and Business Laws Negotiable Instrument Act
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    While drawing a bill of exchange, a person whose name is given in addition to the drawee who can be resorted in case of need, is called _____.

     

    Acceptor

     

    Incorrect Answer

    Acceptor for honour

     

    Incorrect Answer

    Drawee in case of need

     

    Correct Answer

    Drawer

    Incorrect Answer
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    Explanation:

    While drawing a bill of exchange, a person whose name is given in addition to the drawee who can be resorted in case of need, is called Drawee in case of need.

    By: Vikas Goyal
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