Negotiable Instruments
Drawee of bills of exchange is a person
In whose favour the bill is transferred
Who receives the amount of bill
Who accepts the bill
On whom the bill is drawn
On whom the bill is drawn
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Who is called a drawee of chequeA. Bank
B. Payee
C. Customer
D. Endorsee
Drawee of the bank draft is a
A. Bank on which the draft is drawn
B. Payee of draft
C. Sender of amount by draft
D. Bank which issues a draft
The person in whose favour the rights of receiving the amount of cheque transferred
A. Endorsee
B. Endorser
C. All of the above
D. Payee
Cheque is a written order drawn on
A. Bank
B. Endorsee
C. Customer
D. All the above
Cheque signed by drawer without filling is called
A. Traverlle’s cheque
B. Bank
C. Plain
D. Open
If drawer of cheque is a payee himself then what word is written after the word pay
A. Bearer
B. Self
C. None of the above
D. Order
Crossing of cheque is cancelled by
A. Holder
B. Drawer
C. All of the above
D. Drawee
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