There are three parties to a bank draft:
A)The drawer bank branch, The drawee bank branch, The payee
B)The drawee bank branch, the payee, the purchaser of the draft
C)The payee, the purchaser of the draft, the drawer bank branch
D)The drawer bank branch, the drawee bank branch, the purchaser of the draft

Question

Quizplus · Accepted Answer

A bank draft involves three parties: the drawer bank branch (the bank issuing the draft), the drawee bank branch (the bank on which the draft is drawn), and the payee (the person or entity to whom the draft is payable).

There Are Three Parties to a Bank Draft