Question

Who are the partners in a bill of exchange?

• A. Drawer & Drawee
• B. Payee
• C. Both a and b
• D. None of the above

Hint:

Every bill of exchange must have three parties—drawer, drawee, and payee.

Answer 1

The Correct Option is C

Step 1: Definition.
A bill of exchange is a written order by the drawer directing the drawee to pay a certain sum to the payee.

Step 2: Parties involved.
- Drawer: Makes the bill.
- Drawee: Person directed to pay.
- Payee: Person receiving the payment.

Step 3: Conclusion.
Thus, all three are involved, but partners are both drawer–drawee and payee. Correct answer is (C).