A person on whom a bill of exchange is drawn. Answer in a word / phrase / term.
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The person is called Drawee.
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Answer:
Drawee
Explanation:
In a bill of exchange there are three parties, namely:
1) Drawer: the one who draws a bill and orders the drawee to pay the specified amount to the payee.
2) Drawee: the one who pays the specified amount to the payee on order of the drawer.
3) Payee: the one who receives the specified amount in the bill of exchange by the drawee.
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