The party who agrees to make a payment to another party, based on a document presented to it, such as a bank, is called the drawer.

Name: The party who agrees to make a payment to another party, based on a document presented to it, such as a bank, is called the drawer.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

The party who agrees to make a payment based on a document presented to it is called the drawee, not the drawer. The drawer is the party who creates and signs the document, such as a check or bill of exchange.

The Party Who Agrees to Make a Payment to Another