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- This topic has 7 replies, 2 voices, and was last updated 2 years ago by Vijay.
- August 8, 2020 at 1:20 pm #579635
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?August 10, 2020 at 2:38 pm #579828
Could you please clarify from which source/book you have obtained this question? If you have a page reference that would help.
VijayAugust 11, 2020 at 6:06 am #579893
Actually I created this just to clear myself with the terms above but ended up getting confused.August 12, 2020 at 9:44 am #580228
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.
VijayAugust 12, 2020 at 10:06 pm #580318
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.
VijayAugust 12, 2020 at 10:08 pm #580319
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.
VijayAugust 13, 2020 at 7:38 pm #580453
Got it sir . ThankyouAugust 13, 2020 at 10:01 pm #580461
My pleasure 🙂
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