Which party to a bill of exchange is primarily responsible for the payment of the face value to the holder at maturity?

Question

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The acceptor of a bill of exchange is primarily responsible for the payment of the face value to the holder at maturity. The acceptor is the party who has agreed to pay the amount specified on the bill of exchange by signing their acceptance on the document. The acceptance creates a legal obligation for the acceptor to pay the holder of the bill at the due date.

Which Party to a Bill of Exchange Is Primarily Responsible