Which of the following are the persons are not involved in bill of exchange ?
Maker
Drawee
Holder
Payee
A
Payee
B
Drawee
C
Maker
D
Holder
Open in App
Solution
Verified by Toppr
Bill of Exchange mainly involves three parties: Drawer/Maker, Drawee and Payee. In most of the cases, the Drawer and Payee are the same person as the Drawer draws the bill in his/her own favour.
Holder refers to a person; we mean the payee of the negotiable instrument, who is in possession of it. He is not involved in bill of exchange.
Was this answer helpful?
0
Similar Questions
Q1
Which of the following are the persons are not involved in bill of exchange ?
View Solution
Q2
The number of parties involved in bills of exchange are:
View Solution
Q3
Following are the advantages of bill of exchange?
View Solution
Q4
Which one of the following is not a feature of a bill of exchange?
View Solution
Q5
Which of the following are features of bills of exchange?