Global Business Today Study Set 6
In International Commerce,a Person or Business Initiating a Draft Is
In international commerce,a person or business initiating a draft is known as the drafter and the party to whom the draft is presented is known as the draftee.
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In domestic trade transactions,a buyer can often obtain possession of merchandise without signing a formal document acknowledging his or her obligation to pay.
In international commerce,a sight draft allows for a delay in payment.
In international commerce,time drafts are negotiable instruments.
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