The person on whom the bill is drawn is called the
(b) drawee
(c) payee
nomissory note is made by the
(a) drawer
Answers
Answered by
4
Answer:
d) drawee
Explanation:
Common in bill or check transactions, a drawee can be described as the entity or person upon whom a bill or check is drawn. The drawee is the entity or person to whom a bill is addressed and is given instructions to pay. In most cases, when a check (bill of exchange) is being drawn, the party said to be the drawee is normally a banker.
Answered by
6
Answer:
b) payee
Explanation:
because he is paying the bill
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