Module: | Negotiable Instruments & Basics
Q2: In the context of a cheque transaction, which term correctly identifies the person or entity who issues the cheque?
✅ Correct Answer: C
The "Drawer" is the person issuing the cheque.
The "Drawee" is the bank on which the cheque is drawn, and the "Payee" is the person receiving the payment.
The "Drawee" is the bank on which the cheque is drawn, and the "Payee" is the person receiving the payment.