The cheque is written and signed by the
A) drawer.
B) drawee.
C) payee.
D) payer.

Name: The cheque is written and signed by the A) drawer. B) drawee. C) payee. D) payer.
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Question

Quizplus · Accepted Answer

The drawer is the person who writes the cheque and signs it, authorizing the transfer of funds from their account to the payee's account. The drawee is the bank on which the cheque is drawn, and the payer is the person or organization who actually transfers the funds. The payee is the person or organization who receives the funds.

The Cheque Is Written and Signed by the