Examlex
Some legal defences in court can be made on the basis that the mens rea element does NOT apply.
Payable on Demand
Refers to a financial obligation that must be paid by the debtor when the creditor requests it.
Drawer
In the context of banking, the person who writes or issues a check or draft instructing the drawee to pay someone else.
Drawee
The party upon whom a cheque or draft is drawn, and who is expected to pay the amount specified to the payee.
Payee
The individual or entity to whom a cheque or electronic payment is made payable.
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