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    Question

    The party who is entitled to receive the payment of a

    bill of exchange is called the:
    A Drawee Correct Answer Incorrect Answer
    B Payee Correct Answer Incorrect Answer
    C Drawer Correct Answer Incorrect Answer
    D Endorser Correct Answer Incorrect Answer

    Solution

    In a bill of exchange, the Payee is the person (or entity) in whose favour the bill is drawn and who is entitled to receive its payment.

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