A draft may be either a time draft, which is payable at a determined future date, or a __________ draft, which is payable at any time upon demand once it is presented to the drawee.
A) sight
B) retracted
C) false
D) free
Correct Answer:
Verified
Q20: To be payable on demand, an instrument
Q21: In Smith v. Vaughn, 174 Ohio App.
Q22: An _ can be classified as a
Q23: A _ is simply a written order
Q24: A draft involves three parties:
A) a payor,
Q26: A _ is a specialized type of
Q27: A _ is any type of loan
Q28: A promissory note creates a promise to
Q29: A _ is the various steps used
Q30: If an instrument is _ and thus
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