61925
Description
Mind Map by katy_mcbride12, updated more than 1 year ago
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Created by katy_mcbride12
over 11 years ago
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Negotiable Instruments
- Payee presents bill for payment to the drawee. Payee can sell it on to another payee.
- Drawee accepts liability by signing it making them the acceptor.
- Addressed from the drawer to the drawee
- Addressed from the drawer to the drawee
- Drawee accepts liability by signing it making them the acceptor.
- Bill must be an order to pay not a wish.
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