Multiple Choice
A drawee of a bill who, by signing the bill on its face, agrees to pay the bill when it is due is referred to as a(n) ________.
A) accommodation party
B) acceptor
C) holder in due course
D) holder
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q33: To be negotiable, a bill or note
Q34: A bill of exchange that is payable
Q35: In a trade acceptance, the drawer is
Q36: Describe the unconditionality feature of a bill
Q37: According to common law, which of the
Q39: Describe the two major rules that limit
Q40: In a draft transaction, if the drawee
Q41: An advising bank assumes no liability for
Q42: A bearer paper can be converted to
Q43: In a letter of credit transaction, an