Q407
Discounting of bill by the drawer is done with
A.
Creditor
B.
Drawee
C.
Bank
AnswerD.
Notary public
Answer: Option C
Solution
Answer: Option C
Solution:
Discounting of bill by the drawer is done with Bank. An accepted draft or bill of exchange sold for early payment to a bank or credit institution at less than face value after the bank deducts fees and applicable interest charges.