A sight draft is
A) a bill of exchange in which the drawee is ordered to pay "at sight".
B) a bill of exchange in which the drawer is ordered to pay "at sight".
C) a bill of exchange in which the payee is ordered to pay "at sight".
D) a bill of exchange in which the acceptor is ordered to pay "at sight".
E) a bill of exchange in which the acceptor and and drawer are ordered to pay "at sight".
Correct Answer:
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Q5: A time draft is
A) a bill of
Q6: A demand draft is
A) a bill of
Q7: Which of the following is not a
Q8: There are three types of bills of
Q10: The two classes of negotiable instruments are
A)
Q11: Liability of the drawer, acceptor, or maker
Q12: A payee is
A) the party who is
Q13: The difference between a cheque and draft
Q14: Which of the following defences is available
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