Regarding a trade acceptance,the seller is both the drawer and the payee.

Name: Regarding a trade acceptance,the seller is both the drawer and the payee.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

In a trade acceptance, the seller (or supplier) is the drawer who draws the bill of exchange specifying the buyer (or purchaser) as the acceptor. The seller is also the payee as he/she is the one receiving the payment on the due date specified in the bill. So, the statement is true.

Regarding a Trade Acceptance,the Seller Is Both the Drawer and the Payee