Multiple choice

Aman draws a bill on Mohan for Rs. 5600. Aman endorsed the bill in favour of his creditor Sahil. Sahil endorsed to it Kamal. Who will be the payee in this case?

  1. Aman

  2. Sahil

  3. Mohan

  4. Kamal

  5. Both Sahil and Mohan

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Kamal shall be the payee in this case because he will receive the amount of bill on encashment of bill of Rs. 5600.