Who is the person or entity that is ordered to pay a draft?

The drawee is the person or entity that is ordered to pay a draft. In a financial context, when a draft (such as a check) is created, it involves three parties: the drawer, who writes or orders the draft; the payee, who is the person or entity designated to receive the payment; and the drawee, who is instructed to make the payment.

When the draft is presented, it is the drawee's responsibility to fulfill the payment obligation as per the terms of the draft. This role is crucial in the transaction because the drawee’s ability or agreement to pay is what facilitates the transfer of funds from one party (the drawer) to another (the payee). Understanding these roles helps clarify the flow of financial instruments and responsibilities in commercial transactions.

Other options like the drawer and payee play important roles in the overall transaction, but they are not the individuals or entities that are directly responsible for making the payment specified in the draft.