Which of the following is primarily liable on an accepted bill of exchange?
A) Payee
B) No one
C) Drawer of the bill
D) Endorser
E) Drawee or Acceptor

Question

Quizplus · Accepted Answer

The drawee or acceptor is primarily liable on an accepted bill of exchange. They have already agreed to pay the amount stated on the bill and are therefore responsible for paying it. The payee, drawer, and endorser may also be liable in certain situations (such as if the drawee defaults on payment), but the primary liability lies with the drawee/acceptor.

Which of the Following Is Primarily Liable on an Accepted