Question

Endorsee is person in whose favour the bill transferred. (State True or False)

Answer 1

Hey mate here is your answer

---->>> Drawee

Answer 2

Answer:

TRUE.

Explanation:

A holder of a Bill of Exchange may transfer the Bill in another person’s name to fulfil a debt or some other obligation. The person who is transferring the Bill is known as the ‘endorser’ and the one in whose name it has been transferred to is known as the ‘endorsee’.

Hence the statement above is true.