True/False
A sight draft is payable as soon as it is presented to the drawer for payment.
Correct Answer:
Verified
Related Questions
Q6: Big Bank pays a check made by
Q7: A negotiable instrument is an agreement by
Q8: Sam gives a check to Tina who
Q9: The maker is a party to a
Q10: Since Boise Bank's decision is "without recourse,"
Q12: Ownership of a check is transferred by
Q13: Notes are orders to pay money,while drafts
Q14: When an instrument is indorsed in blank,the
Q15: Jake is the holder of an instrument
Q16: The most common type of draft in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents