The beneficiary of a cheque is called

Assessment: WAEC SSCE - Commerce - 2006 (Objective) Subject: Commerce

Question 1 Report

The beneficiary of a cheque is called
Answer Details
The beneficiary of a cheque is called the payee. This is the person or entity that the cheque is written to, and who is intended to receive the funds specified on the cheque. The payee can be an individual or an organization. For example, if John writes a cheque to Jane, then Jane is the payee.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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