Question

Transferring a bill of exchange before maturity to a third party is called ------------of bill of exchange.​

Answer 1

Explanation:

Normally, the drawer and the payee is the same person. Similarly, the drawee and the acceptor is normally the person. For example, Mamta sold goods worth Rs. 10,000 to Jyoti and drew a bill of exchange upon her for the same amount payable after three months.

Answer 2

Answer:

endorsement

Explanation:

transfer of a bill to third party is called Endorsement.