A time draft is a negotiable instrument, which means that it
A) has no value given the deferred nature of the document.
B) is generally not preferred in international transactions.
C) can be sold to an investor.
D) is also known as a bill of lading.
E) cannot be transferred.

Question

Quizplus · Accepted Answer

A time draft is a negotiable instrument that can be sold or transferred to another party, such as an investor, before its maturity date.

A Time Draft Is a Negotiable Instrument, Which Means That