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Bills of Exchange — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBills of Exchange1 Mark
MCQ
Under what circumstances the drawer and the payee is the same person, with reference to a bill of exchange?
  • A
    When the drawer discounts the bill with the banker.
  • B
    When the drawer endorses the bill to a third party.
  • ✓
    When the drawer holds the bill till the date of maturity.
  • D
    When the drawee dishonour the bill.
✓

Answer

Correct option: C.
When the drawer holds the bill till the date of maturity.
When the drawer holds the bill till the date of maturity.

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