Which of the following is primarily liable on an accepted bill of exchange?
A) Drawer of the bill
B) Drawee or acceptor
C) Endorser
D) Payee
E) No one

Name: Which of the following is primarily liable on an accepted bill of exchange? A) Drawer of the bill B) Drawee or acceptor C) Endorser D) Payee E) No one
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Question

Quizplus · Accepted Answer

The drawee or acceptor of a bill of exchange becomes primarily liable once they accept the bill. Acceptance signifies the acceptor's agreement to pay the bill when it comes due.

Which of the Following Is Primarily Liable on an Accepted