App Logo

No.1 PSC Learning App

1M+ Downloads
The person to whom the amount of cheque is payable is known as ---.

APayee

BBearer

CDrawer

DEndorser

Answer:

A. Payee

Read Explanation:

Parties Of Cheque:

  • Drawer : Person who drawn and sign the cheque 

  • Drawee : Bank - Always Bank  

  • Payee : The person to whom the amount of cheque payable


Related Questions:

Of the 2 types of promissory notes, the promissory note, payable after a predetermined period is called ---.
An instrument which can be interpreted either as a bill of exchange or promissory note is called ----.
General Crossing is defiend in section of NI Act :
A bill of exchange is a --- instrument.
Affix of revenue stamps of Re1 are necessary in the case of ----.