Web(2) "Drawee" means a person ordered in a draft to make payment. (3) "Drawer" means a person who signs or is identified in a draft as a person ordering payment. (4) "Good faith" means honesty in fact and the observance of reasonable commercial standards … Web(2) "Depositary bank" means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter; (3) "Payor bank" means a bank that is the drawee of a draft; (4) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or ...

Statute Kansas State Legislature

WebDrawee definition: the person or organization on which a cheque or other order for payment is drawn Meaning, pronunciation, translations and examples Webknown to the person when the person made, drew, uttered, or delivered the check, draft, or order. C. A person who violates this section is guilty of a crime as follows: 1. If the amount payable in the check, draft, or order is less than $100.00, as follows: a. For a first offense, a misdemeanor punishable by imprisonment for not how to spell smiled

Bill Of Exchange: Meaning, definition, types, format, importance …

Web(2) "Drawee" means a person ordered in a draft to make payment. (3) "Drawer" means a person who signs or is identified in a draft as a person ordering payment. (4) "Good faith" means honesty in fact and the observance of reasonable commercial standards … WebCorrect option is B) Drawee is a party to the bill of exchange. Drawee is the person upon whom the bill of exchange is drawn. He is the purchaser or debtor of the goods upon … Web6 rows · Drawee means a person who – A. Makes the order ; B. Accepts it ; C. Takes the payment on due date ... rdu new orleans direct flights