You write a cheque to pay for your haircut. In this transaction, who is the drawee?
A. You because you drew up the cheque
B. Your bank because it must pay the cheque
C. The person who cuts your hair because the cheque is payable to him
D. None of these
Answer:B
You write a cheque to pay for your haircut. In this transaction, who is the drawee?
A. You because you drew up the cheque B. Your bank because it must pay the cheque C. The person who cuts your hair because the cheque is payable to him D. None of these