In a draft transaction, the payee or the drawer is allowed to freely transfer drafts as a negotiable instrument to another party.

Name: In a draft transaction, the payee or the drawer is allowed to freely transfer drafts as a negotiable instrument to another party.
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In a draft transaction, the payee or the drawer can transfer the draft to another party as a negotiable instrument. This is one of the key features of a draft, which allows for easy transfer and endorsement.

In a Draft Transaction, the Payee or the Drawer Is