state any two parties involved in bill of exchange
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There are 3 parties involved in a payment by bill of exchange:
the drawer is the party that issues a bill of exchange – the 'creditor';
the beneficiary or payee is the party to which the bill of exchange is payable;
the drawee is the party to which the order to pay is sent - 'the debtor'.
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the drawer is the party that issues a bill of exchange – the 'creditor';
the drawer is the party that issues a bill of exchange – the 'creditor';the beneficiary or payee is the party to which the bill of exchange is payable;
the drawer is the party that issues a bill of exchange – the 'creditor';the beneficiary or payee is the party to which the bill of exchange is payable;the drawee is the party to which the order to pay is sent - 'the debtor'.
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