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Legislative Dictionary


Drawer, Drawee

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CategoryD
TitleDrawer, Drawee
Details

The maker of a bill of exchange or cheque is called the "drawer"; the person thereby directed to pay is called the "drawee".

[See section 7, the Negotiable Instrument Act, 1881 (Act No. XXVI of 1881)].

Created OnJune 4, 2011, 4:50 AM
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