2 Parties to a negotiable instrument Drawer: the person who draws a bill of exchange or a check upon the drawee for the payment of a certain amount of money Status? Debtor or creditor? 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © 2 Parties to a negotiable instrument Drawer: the person who draws a bill of exchange or a check upon the drawee for the payment of a certain amount of money. Status? Debtor or creditor?
Answer Main debtor before acceptance while the secondary debtor after acceptance. He Will be responsible to ?? Or ?? 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © Answer Main debtor before acceptance while the secondary debtor after acceptance . He will be responsible to ?? Or ???
answer2 Holder or any endorsers 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © answer2 Holder or any endorsers
Drawee othe person upon whom a bill of exchange or a check is drawn. He is also known as the addressee of a draft Is the drawee the main debtor? 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © Drawee lthe person upon whom a bill of exchange or a check is drawn. He is also known as the addressee of a draft. Is the drawee the main debtor?
answer No, cause he didn't sign in the bill. He doesn' t take the liability that the bill will must be honoured 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © answer No, cause he didn’t sign in the bill. He doesn’t take the liability that the bill will must be honoured