Karinda sold a widget to Konrad.He paid the $150 000 purchase price by giving her a bill of exchange drawn on the Klondike Trust Co.Karinda is entitled to sue the drawee if the bill is not accepted.

Question

Quizplus · Accepted Answer

Karinda cannot sue the drawee (Klondike Trust Co.) if the bill is not accepted, as the drawee has no obligation to the holder until they accept the bill. She can only sue the drawer or any endorsers.

Karinda Sold a Widget to Konrad