Alpha Company issues a trade acceptance with itself and Beta Company as parties. A trade acceptance is
A)a draft.
B)an order to accept delivery of money.
C)a promise to accept delivery of goods.
D)a promise to deliver goods.

Question

Quizplus · Accepted Answer

A trade acceptance is a type of draft, which is a written order to pay a certain amount of money. It is typically used as a payment method in commercial transactions where parties trust each other but may not have established credit histories.

Alpha Company Issues a Trade Acceptance with Itself and Beta