Who is the drawee in a draft transaction?
A)The party that demands the draft.
B)The party who pays the money stated in a draft.
C)The party who writes an order for a draft.
D)The party who receives the money from a draft.

Question

Quizplus · Accepted Answer

The drawee is the party who is responsible for paying the money stated in a draft. They are typically the person or company from whom the money is being collected.

Who Is the Drawee in a Draft Transaction