Who is the acceptor of a draft in a draft transaction?
A) the drawer
B) the drawee
C) the payee
D) the financee

Question

Quizplus · Accepted Answer

The acceptor of a draft in a draft transaction is the drawee, who is the person or entity that is directed to make payment on the draft. The drawer is the person or entity that initiates the draft by creating it and ordering the payee to receive payment. The payee is the person or entity that is entitled to receive payment on the draft. "Financee" is not a commonly used term in relation to drafts or other financial transactions.

Who Is the Acceptor of a Draft in a Draft