i. A person who draws the bill of exchange is known as ________ ii. A bill whose due date is calculated from the date of acceptance is known as ___

Question

Complete the sentences:

i. A person who draws the bill of exchange is known as ___________

ii. A bill whose due date is calculated from the date of acceptance is known as __________

iii. Recording the fact of dishonour of bill is known as ___________

iv. When drawee accepts the bill payable at a particular place only, it is known as __________

v. Fees charged by the bank for collection of bill on behalf of holder is ___________

Answer 1

i. Drawer

ii. After sight bill

iii. Noting

iv. qualified acceptance as to place

v. bank charges