Hello sir
A ( drawer) draws the bill for C(payee) but C says to draw the bill in the name of D .In this case endorser is A and endorsee is D?also here D accepts the bill and he is also acceptor.? And suppose bill is with C so he becomes holder?
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Hello Garvit,
Could you please clarify from which source/book you have obtained this question? If you have a page reference that would help.
Kind regards,
Vijay
Thankyou sir.
Actually I created this just to clear myself with the terms above but ended up getting confused.
Hi Garvit, can you please refer me to the part of the course material where this topic comes up ie the chapter or section and I will try to clarify for you.
Kind regards,
Vijay
Hi Garvit,
In your example if A is the Drawer and if C is the payee (the ultimate creditor) then yes D would be the Drawee/Acceptor.
You seem to be on the right track! So well done.
Kind regards,
Vijay
Just to clarify in your example there is no endorser or endorsee.
There would only be an endorser if C (original Payee/Holder) owed money to E and were to endorse the bill for the benefit of E (Endorsee).
I hope that helps.
Kind regards,
Vijay
Got it sir . Thankyou
My pleasure :)
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