Payee is official person appointed by Central Government for nothing of dishonour bill. (State True or False)
Answers
Answered by
0
false
Explanation: A Notary Public is the official person appointed by the central government for noting a bill. He makes a note of the dishonour, i.e. when an acceptor refuses to make the payment. On the other hand, a payee is the person to whom the payment is to be made. A drawer or any other third party can be the payee to a bill of exchange.
Explanation: A Notary Public is the official person appointed by the central government for noting a bill. He makes a note of the dishonour, i.e. when an acceptor refuses to make the payment. On the other hand, a payee is the person to whom the payment is to be made. A drawer or any other third party can be the payee to a bill of exchange.
Answered by
0
The statement that a payee is an official person appointed by Central Government for the noting of dishonour of a bill is False.
- A Notary public is the official person appointed to note the bills by the Central Government.
- The Notary makes the dishonour note, that is, when an acceptor refuses to pay. whereas, a payee is the person wo has to make the payment. A drawer or any other third party may be the recipient of a bill of exchange.
Similar questions