Multiple choice

The primary liability on a bill of exchange is that of the

  1. drawer

  2. endorser

  3. endorsee

  4. drawee

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

The drawee or acceptor accepts the bill. So he is primarily responsible to make payment. The drawer is the person who draws the bill. The endorser endorses it to the person called endorsee.