Multiple Choice
Which of the following definitions describes a drawee to a bill of exchange?
A) the issuer of a bill of exchange
B) a person who signs a bill of exchange or note to lend his or her credit to another party
C) the person ordered to pay a bill of exchange
D) a person who receives an endorsed bill of exchange or note from an endorser
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Parties with secondary liability to an instrument
Q18: The _ is the production of an
Q19: An order bill is a bill or
Q20: The ULB treats an endorsement prohibiting further
Q21: A bill involved in a draft transaction
Q23: The transfer of all or some of
Q24: In a promissory note, the party who
Q25: A promissory note differs from a bill
Q26: Any reference to some other agreements in
Q27: Which of the following financial institutions of