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Select the correct option and rewrite the sentence:i. The person on whom a bill is drawn is called a _________(a) Drawee (b) Payee (c) Drawer (d) Acceptorii. Before acceptance the bill is called a ___________ (a) Order (b) Request (c) Draft (d) Instrumentiii. When the due date of the bill drawn falls due on a public holiday, the payment must be made on the _________day.(a) same (b) preceding (c) next (d) anyiv. The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be _________(a) 23rd Jan. 2020(b) 25th Jan. 2019 (c) 26th Jan. 2019 (d) 25th Jan. 2020v. Noting charges are borne by ____________ (a) Notary Public (b) Drawee (c) Drawer (d) Endorsee |
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Answer» i. (a) Drawee ii. (c) Draft iii. (b) preceding iv. (d) 25th Jan. 2020 v. (b) Drawee |
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