Multiple choice

Which of the following parties in a bill of exchange do not match?

  1. Maker - the debtor who is to make the payment

  2. Drawer - who makes the bill of exchange and orders the drawee to make payment

  3. Payee - the person who is to obtain payment as per order of the drawer

  4. Drawee - the debtor, liable on the bill to pay
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A Correct answer
Explanation

According to the bill of exchange, the drawee is to make the payment. Thus, 1 does not state the truth.   

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