CA Foundation Exam > CA Foundation Questions > X draws a bill on Y. X endorsed the bill to Z...
Start Learning for Free
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will be
- a)X
- b)Y
- c)Z
- d)None
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill w...
X draws a bill on Y. X endorsed the bill to Z. Z will be the payee of the bill.
Most Upvoted Answer
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill w...
Endorsement of a Bill of Exchange
When a bill of exchange is drawn, it is not necessary that the drawer himself should receive the payment of the bill. He may endorse the bill in favor of any other person.
In the given scenario, X draws a bill on Y. X can endorse the bill in favor of Z.
Payee of the Bill
The payee of the bill is the person to whom the payment is to be made. In the given scenario, the payee of the bill will be Z as X has endorsed the bill in favor of Z.
Options for Payee
The options for payee in this scenario are:
A) X - X cannot be the payee of the bill as he is the drawer of the bill and has endorsed the bill in favor of Z.
B) Y - Y cannot be the payee of the bill as he is the drawee of the bill and is liable to make the payment of the bill to the payee.
C) Z - Z is the payee of the bill as X has endorsed the bill in favor of Z.
D) None - This option is incorrect as there is a payee for the bill, which is Z.
Therefore, the correct answer is option C.
When a bill of exchange is drawn, it is not necessary that the drawer himself should receive the payment of the bill. He may endorse the bill in favor of any other person.
In the given scenario, X draws a bill on Y. X can endorse the bill in favor of Z.
Payee of the Bill
The payee of the bill is the person to whom the payment is to be made. In the given scenario, the payee of the bill will be Z as X has endorsed the bill in favor of Z.
Options for Payee
The options for payee in this scenario are:
A) X - X cannot be the payee of the bill as he is the drawer of the bill and has endorsed the bill in favor of Z.
B) Y - Y cannot be the payee of the bill as he is the drawee of the bill and is liable to make the payment of the bill to the payee.
C) Z - Z is the payee of the bill as X has endorsed the bill in favor of Z.
D) None - This option is incorrect as there is a payee for the bill, which is Z.
Therefore, the correct answer is option C.
Free Test
FREE
| Start Free Test |
Community Answer
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill w...
Z , options c because X endorsed the bill z
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer?
Question Description
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer?.
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer?.
Solutions for X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will bea)Xb)Yc)Zd)NoneCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup