A Bill of Exchange Is Signed by Adam, Addressed to Peter

question 31

Multiple Choice

A bill of exchange is signed by Adam, addressed to Peter and made payable to Paul, who indorses and delivers it to David. In this situation Paul is referred to as:

• A) The drawee and the acceptor.
• B) The acceptor and the indorsee.
• C) The payee and the indorser.
• D) The drawer and the payee.

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Definitions:

Formatting Enhancements

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Background Color

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Font Color

An attribute of text that determines the color in which the text is displayed.

Layout

The arrangement of elements within a page, form, or graphical user interface, which affects the presentation and usability of the information.