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Which among the following is not considered as a party of cheque ?

APayee

BDrawer

CAcceptor

DDrawee

Answer:

C. Acceptor

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:

The section of NI Act which deals with cheques
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Dock warrant is a ---.
The process of drawing and accepting a new bill by adding the interest and cancelling the old bill is called ----.
Tenure of a commercial paper shall be between