Q390
Endorsement, discounting and collection of bills of exchange is made by
A.
Debtors
B.
Creditors
C.
Drawee
D.
Drawer
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Endorsement, discounting and collection of bills of exchange is made by Drawer. The individual or firm that issues or signs a draft instructing the drawee to pay a specified sum of money to, or to the order of, a named person (payee), or to bearer.