Sight drafts can be used as collection devices.

Name: Sight drafts can be used as collection devices.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Sight drafts are a type of commercial draft that can be used by a seller as a method of collecting payment from a buyer. The seller can present the sight draft to the buyer's bank, which will pay the seller the amount of the draft. This can be a useful tool for sellers who want to ensure they receive payment for goods or services before releasing them to the buyer.

Sight Drafts Can Be Used as Collection Devices