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drawee
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drawee
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BGB 783 If a person delivers to a third party a document in which he instructs another person to furnish money , securities or other fungible things to that third party , then the third party is authorised to collect payment from the drawee in his own name ; the drawee is authorised to pay to the payee for the account of the drawer .
BGB 784. 1 If the drawee accepts the order , then he is obliged to pay to the payee ; he may only raise against him such objections as relate to the validity of the acceptance or as follow from the contents of the order or the contents of the acceptance or as the drawee is entitled to rely on directly against the payee .
BGB 785 The drawee is only obliged to pay in return for delivery of the order .
BGB 787. 1 In the case of an order to assume a debt , the drawee is released from the debt by the payment to the extent of its amount .