The party to a draft who signs and sends the draft to the second party is called the
A)drawer
B)payee
C)drawee
D)broker

Question

Quizplus · Accepted Answer

The drawer is the party who creates and signs the draft, and then sends it to the drawee (the party who is expected to pay). Therefore, option A) is the correct answer. Option B) payee is not correct as payee is the party who is entitled to receive payment. Option C) drawee is not correct as drawee is the party who is required to make payment. Option D) broker is not correct as it is not related to the process of drafting or sending a draft.

The Party to a Draft Who Signs and Sends the Draft