Question

Drawee can transfer the ownership of the bill. (State True or False)

Answer 1

here is your answer...

...true...

hope ita help you....

Answer 2

Answer:

The given statement is true and a drawee can transfer the ownership of a bill.

Explanation:

A drawee is a person who has the order of the drawer to pay the payee the amount mentioned in the bill.

There are two ways by which a drawee can transfer the ownership of a bill:

1) by simply delivery

2) by endorsement

Both of these methods can be applied for transferring the ownership of a bill from one person to another and as the drawee is the person who pays the payee, he can do so.