Accountancy, asked by PragyaTbia, 11 months ago

The person in whose favour the bill transferred. Answer in a word / phrase / term.

Answers

Answered by Anonymous

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Answered by writersparadise

Answer:

ENDORSEE.

Explanation:

The person in whose name the Bill of Exchange has been transferred to is called the ‘endorsee’. The endorsee will continue to be the rightful owner and holder of the Bill from then onwards. All legal rights of the original holder of the Bill will cease to exist once formalities of transfer of title is completed. The party who transfers the Bill is called the ‘endorser’.

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