The seller or creditor who owes the money is known as ----.
Adrawer
Bdrawee
Cendorser
Dpayee
Answer:
A. drawer
Read Explanation:
PARTIES TO A BILL OF EXCHANGE:
There are three parties to a bill of exchange :
Drawer:
The person who draws or writes the bill is called the drawer or maker.
The drawer must be the seller or creditor to whom money is owing.
Drawee:
The drawee is the person on whom the bill is drawn.
He is the purchaser or debtor who is ordered by the drawer to pay the amount.
Payee:
The person who has the right to receive the amount of the bill is called the payee.
The payee may be a third person or the drawer himself.