Which of these allows for a delay in payment?
A)Sight draft
B)Time draft
C)Bill of lading
D)Barter
E)Post-dated draft

Question

Quizplus · Accepted Answer

A time draft allows for a delay in payment, as it specifies a future date for payment to be made. A sight draft requires immediate payment, and a bill of lading is a document that serves as proof of shipment and receipt, but does not involve payment terms. Barter involves the exchange of goods or services without the use of currency, and a post-dated draft is a check with a future date written on it, but does not involve a delay in payment terms for the transaction at hand.

Which of These Allows for a Delay in Payment