A payee is
A) the party who is named to receive payment on the bill of exchange.
B) the party who signs the document.
C) the party who draws up the bill of exchange.
D) the entity that consents to accept the bill of exchange by indicating accepted on the face of the instrument.
E) the party who is required to make payment on the bill of exchange.

Question

Quizplus · Accepted Answer

A payee is the party or person named in the bill of exchange, who is entitled to receive payment from the drawer of the bill. They are the recipient or beneficiary of the payment.

A Payee Is