Physics, asked by ananya477, 11 days ago

Write a short note on the following a) Parties to Negotiable Instrument

Answers

Answered by jenwahlang533

2

Answer:

Maker/drawer: the person who makes or executes the note promising to pay the amount stated therein. Drawee: The person directed to pay the money by the drawer. The drawee is the paying bank in case of cheque. Payee: Payee is the person whose name is written on the promissory note or bill of exchange or cheque.

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