A drawee is
A) the party who draws up the bill of exchange.
B) the party who is named to receive payment.
C) the party who is required to make payment on the bill of exchange.
D) the party who signs the document.
E) the entity that consents to accept the bill of exchange by indicating accepted on the face of the instrument.

Question

Quizplus · Accepted Answer

The drawee is the party who is required to make payment on the bill of exchange.

A Drawee Is