Time drafts:
A) have no value given the deferred nature of document
B) are generally not preferable in international transaction
C) are negotiable instruments
D) are also called bill of ladings
E) are replaced by sight drafts after all conditions are met

Question

Quizplus · Accepted Answer

Time drafts are negotiable instruments, meaning they can be bought and sold like currency. They are often used in international transactions to provide payment at a specific future date, typically after a certain condition has been met such as delivery of goods.

Time Drafts