Upon maturity,the final holder of the bill approaches the _________ for payment.
A) drawer
B) acceptor
C) endorser
D) discounter

Question

Quizplus · Accepted Answer

The acceptor is the party who has signed the bill to accept responsibility for payment upon maturity. As such, the final holder of the bill approaches the acceptor for payment. The drawer is the party who originally issued the bill, the endorser is a party who transfers ownership of the bill, and a discounter is a party who purchases the bill at a discounted rate before maturity.

Upon Maturity,the Final Holder of the Bill Approaches the _________