alleryA bill of exchange has three parties, namely:
ABanker, drawer and payee
BMaker, payee and endorser
CDrawer, drawee and payee
DMaker, acceptor and holder
Answer & Solution
Correct answer: C. Drawer, drawee and payee
A bill of exchange involves the drawer (who makes the order), the drawee (directed to pay, the acceptor once accepted) and the payee.
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