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Select the correct option and rewrite the sentence:i. The person who endorses the bill of exchange is known as ________ (a) Drawer (b) Endorsee (c) Endorser (d) Draweeii. A person to whom a bill of exchange is endorsed is called __________ (a) Endorsee (b) Drawer (c) Endorser (d) Payeeiii. If a bill falls due on 15th August, payment on it must be made on _______ (a) 14th August (b) 16th August (c) 13th August (d) 17th Augustiv. A bill drawn on 12th June, 2020 at two months would be payable on __________ (a) 12th August 2020 (b) 14th August 2020 (c) 15th August 2020 (d) 16th August 2020v. If a bill is drawn on 3rd July, 2020 for 40 days, its payment must be made on _______(a) 14th August 2020 (b) 15th August 2020 (c) 13th August 2020 (d) 16th August 2020 |
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Answer» i. (c) Endorser ii. (a) Endorsee iii. (a) 14th August iv. (b) 14th August 2020 v. (a) 14th August 2020 |
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