Payee the person to whose order the drawee is to make payment or to whom the money is to be paid What's his status? debtor or creditor? 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © Payee the person to whose order the drawee is to make payment or to whom the money is to be paid. What’s his status? Debtor or creditor?
answer Creditor and the first holder as well he has the right to collect money by presenting the bill or to transfer it to another party 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © answer Creditor and the first holder as well. He has the right to collect money by presenting the bill or to transfer it to another party
Endorser o When a payee or a holder signs his name on the back of an instrument for the purpose of transferring it to another person, he is called an endorser he is liable to his subsequent endorser, his endorsee or any subsequent holder of the instrument Creditor or debtor? 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © Endorser lWhen a payee or a holder signs his name on the back of an instrument for the purpose of transferring it to another person, he is called an endorser. He is liable to his subsequent endorser, his endorsee or any subsequent holder of the instrument. Creditor or debtor?
answer Debtor cause he is liable to his subsequent endorser i. e the endorsee 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © answer Debtor cause he is liable to his subsequent endorser i.e the endorsee
Endorsee o An endorsee is the person to whom an instrument is endorsed he is the holder of an instrument which has been transferred by the endorser 经贸学国贸系 王学意⊙
经贸学院国贸系 王学惠 © Endorsee l An endorsee is the person to whom an instrument is endorsed. He is the holder of an instrument, which has been transferred by the endorser