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      Question

      While drawing a bill of exchange, a person whose name is

      given in addition to the drawee who can be resorted in case of need, is called _____________________.
      A Acceptor of bill Correct Answer Incorrect Answer
      B Acceptor for honour Correct Answer Incorrect Answer
      C Drawee in case of need Correct Answer Incorrect Answer
      D Drawee in case of emergency Correct Answer Incorrect Answer
      E None is correct Correct Answer Incorrect Answer

      Solution

      A drawee in case of need (or referee in case of need) is an alternate person named on a negotiable instrument—like a bill of exchange—whom the holder can approach if the primary drawee refuses to accept or pay the instrument.

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