Question

Which are the various parties to bills of exchange?

Answer 1

Answer:

Answer:There are 3 parties involved in a payment by bill of exchange:

Answer:There are 3 parties involved in a payment by bill of exchange: the drawer is the party that issues a bill of exchange –

Answer: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;

Answer: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'.

Answer: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'.

Answer 2

There are 3 types of parties to bills of exchange..

:- Drawer , Drawee and Payee.