Explain the Difference Between a Drawer and a Drawee
A bank statement is sent twice a month. Drawee is the debtor who has to pay the money to the drawer. The Four Corner Model For Promissory Notes Paiementor The drawee is the party to whom the draft is addressed and who is ordered to pay the amount of money specified in the draft. . Firstly It is generally drawn by the creditormaker or drawer on his debtoracceptor or drawee and the debtor gives the acceptance that he will pay the money to the makerdrawer after some certain period or a specific date. Drawer has only 975 in the account. The drawer is the party that obliges the drawee to pay the payee. Payee is the person whose name is written on the promissory note or bill of exchange or cheque. Explain the difference between payee drawer and drawee. Why should check stubs be filled out first before the check itself is written. The bank is the drawee on a check and the credit union is the drawee on a share dra...
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