Johnson Goods,a U.S.company is exporting to Watanabe Trading,a Japanese importer.The two parties agree on a draft,but Watanabe Trading wants it to be a draft that allows for a delay in payment.Watanabe Trading is asking for a(n)
A)sight draft.
B)time draft.
C)bill of lading.
D)counterpurchase.
E)offset.

Question

Quizplus · Accepted Answer

Watanabe Trading is requesting for a delay in payment, which means they want a time draft where payment is due at a later date.