Accountancy, asked by PragyaTbia, 1 year ago

The person who transfer the ownership of the bill. Answer in a word / phrase / term.

Answers

Answered by Anonymous
0
Hey mate ✌️✌️


The person who transfer the ownership of the bill.⤵️⤵️⤵️⤵️


(Drawer)
Answered by Anonymous
0

The person that transfers the ownership of the bill is known as the endorser.

  • The person to whom the Exchange Bill is passed is called the endorser and  from then on, the endorser continues to be the legitimate owner and holder of the Bill.
  • An endorser is a person allowed to sign a negotiable agreement to transfer ownership from one party to another or to accept a contract's terms and conditions.
  • Most of the times, a drawer is an endorser.

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