Commercial Law, 2011 Bar — Question 37

MULTIPLE CHOICE

D draws a bill of exchange that states: “One month from date, pay to B or his order Php100,000.00. Signed, D." The drawee named in the bill is E. B negotiated the bill to M, M to N, N to 0, and O to P. Due to non-acceptance and after proceedings for dishonor were made, P asked O to pay, which O did. From whom may O recover? A) B, being the payee B) N, as indorser to O C) E, being the drawee D) D, being the drawer

You can write freely without an account. Sign in to reveal the suggested answer and track your progress.