Who are endoser and endorsee and how are they different from drawer and drawee
Dear Student,
Drawer: The person holding the bill and entitled to claim the amount stated in the bill (usually the seller of goods)
Drawee: The person who accepts the bill and liable to pay the amount stated in the bill (buyer of goods)
Endorser: The drawer/holder of the bill becomes endorser when he/she forwards the bill to his/her creditor
Endorsee: The new receiver (creditor of drawer) of the bill
Drawer: The person holding the bill and entitled to claim the amount stated in the bill (usually the seller of goods)
Drawee: The person who accepts the bill and liable to pay the amount stated in the bill (buyer of goods)
Endorser: The drawer/holder of the bill becomes endorser when he/she forwards the bill to his/her creditor
Endorsee: The new receiver (creditor of drawer) of the bill