The person or company to whom a cheque is payable is called the
A) payer.
B) drawer.
C) drawee.
D) payee.

Name: The person or company to whom a cheque is payable is called the A) payer. B) drawer. C) drawee. D) payee.
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Question

Quizplus · Accepted Answer

The payee is the person or company who will receive the funds from the cheque. The payer is the person or company who is writing the cheque. The drawer is the person who is authorizing the payment and the drawee is typically the bank where the account is held.

The Person or Company to Whom a Cheque Is Payable