Which of the following is a similarity between a demand draft and a trade acceptance?
A) both are examples of sight drafts
B) both require credit to be extended to the buyer
C) both have the drawer to be the payee as well
D) both are considered two-party transactions
Correct Answer:
Verified
Q8: A _ is a type of draft
Q9: Which of the following is a characteristic
Q10: A sight draft that arises when a
Q11: Which of the following is true of
Q12: A _ is a distinct form of
Q14: Who is the acceptor of a draft
Q15: _ of the Uniform Commercial Code (UCC)
Q16: Which of the following is true of
Q17: A _ is a three-party instrument that
Q18: The primary benefit of a negotiable instrument
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