Question

From the given specimen of Bill of exchange, identify: 

1. Drawer 

2. Drawee 

3. Payee 

4. Term of bill 

5. Date of maturity 

6. Consideration on the bill

Answer 1

a) Drawer	David
b) Drawer	Krishnan
c) Payee	David
d) Term of bill	Two months
e) Date of maturity	20/May/2005
f) consideration	Rs.1,000