In a draft transaction, if the drawee is a bank, then the draft is referred to as a ________.
A) promissory note
B) check
C) trade acceptance
D) certificate of deposit
Correct Answer:
Verified
Q32: With regard to the form requirements for
Q33: Which of the following terms refers to
Q34: A bill involved in a draft transaction
Q35: A letter of credit is an instrument
Q36: A promissory note differs from a bill
Q38: A _ is an instrument issued by
Q39: The bill of exchange that is payable
Q40: In a draft transaction, if the drawee
Q41: Both the common law and the ULB
Q42: In which of the following cases can
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