Section 5 of the Act defines, “A bill of exchange is an instrument in
writing containing an unconditional order, signed by the maker, directing
a certain person to pay a certain sum ofmoney only to, or to the order of
a certain person or to the bearer of the instrument”
The maker of the bill is drawer,the person who is directed to pay is called Drawee.
writing containing an unconditional order, signed by the maker, directing
a certain person to pay a certain sum ofmoney only to, or to the order of
a certain person or to the bearer of the instrument”
The maker of the bill is drawer,the person who is directed to pay is called Drawee.
