Multiple choice

The drawer and payee is the same person, if

  1. the drawer has got the bill discounted

  2. the bill is endorsed

  3. the drawer keeps the bill with himself till the due date

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 If the drawer keeps the bill with himself till the due date,  the drawer is entitled to get its payment on due date. In this case, the drawer and payee are the same person.

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