WebDrawee or Acceptor: It is the person on whom the bill of exchange is drawn and he has to make the payment to the supplier of goods Payee: It is the person to whom the payment … WebThe parties to a bill of exchange are the drawer, (q. v.) or he who makes the order; the drawee, (q. v.) or the person to whom it is addressed; the acceptor, (q. v.) or he who accepts -the bill; the payee, (q. v.) or the party to whom, or in whose favor the bill is made.

Drawee means a person who . Accountancy Questions - Toppr

Say Company ABC purchases auto parts from Car Supply XYZ for $25,000. Car Supply XYZ draws a bill of exchange, becoming the drawer … See more A bill of exchange transaction can involve up to three parties. The drawee is the party that pays the sum specified by the bill of exchange. The payee is the one who receives that sum. The drawer is the party that obliges the … See more A check always involves a bank while a bill of exchange can involve anyone, including a bank. Checks are payable on demand while a bill of exchange can specify that payment is due on … See more WebWhere a bill of exchange is drawn (that is, issued) in the context of a contract for the sale of goods abroad where the seller is paid under a letter of credit, the drawer is the seller, the … dusty baker grand slam 1977 playoffs

Bill of exchange - Definition and parties involved Paiementor

WebPerson who draws a bill of exchange is known as drawer and the person who is accepting the bill is called drawee. WebDrawee is a party to the bill of exchange. Drawee is the person upon whom the bill of exchange is drawn. He is the purchaser or debtor of the goods upon whom the bill of exchange is drawn. The person who accepts the bill is called the acceptor. Normally, the drawee and the acceptor are the same . dvd online archivieren