A draft involves three parties:
A) a payor, a drawee, and a payee
B) a drawer, a drawee, and a payee
C) a drawee, a payee, and a third party
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

A draft involves a drawer (the party that creates and signs the draft, instructing the drawee to pay), a drawee (the party directed to pay the money, typically a bank), and a payee (the party to whom the money is to be paid).

A Draft Involves Three Parties