Multiple choice

Who among the following is not a party to a cheque?

  1. A drawer

  2. An acceptor

  3. A drawee

  4. A payee

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

The following are the parties to a cheque: A drawer: A person who draws a cheque A drawee: A banker of a drawer on whom a cheque is drawn A payee, holder, endorser and endorsee: Same as in the case of a bill

An acceptor is not a party to a cheque.