The party receiving the money from the draft is the ________.
A)drawer
B)drawee
C)payee
D)assignor
E)assignee

Name: The party receiving the money from the draft is the ________. A)drawer B)drawee C)payee D)assignor E)assignee
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

A draft is an instrument that is an order.Three parties are related to this order.First,the drawer is the party that gives the order.Second,the drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.

The Party Receiving the Money from the Draft Is the ________