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      Question

      How many parties are involved in a Bill of

      Exchange?
      A 5 Correct Answer Incorrect Answer
      B 4 Correct Answer Incorrect Answer
      C 3 Correct Answer Incorrect Answer
      D 2 Correct Answer Incorrect Answer

      Solution

      A Bill of Exchange involves three parties: Drawer: The person who creates and issues the bill. Drawee: The person or entity on whom the bill is drawn, and who is expected to make the payment. Payee: The person to whom the payment is to be made, often the same as the drawer or a third party nominated by the drawer.

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