A(n) ________________________ is a payment form where a draft is so drawn as to be payable on presentation to the drawee (usually the buyer).
A) cash with order
B) third party draft
C) confirmed irrevocable letter of credit
D) sight draft
E) time draft

Question

Quizplus · Accepted Answer

A sight draft is a payment form where the draft is payable on presentation to the drawee (usually the buyer). This means the seller can receive funds immediately upon presenting the draft to the buyer.

A(n) ________________________ Is a Payment Form Where a Draft Is