Mega has just shipped one of its products to Compucell on faith that they will pay the invoice. This is a(n)
trade acceptance.
revolving credit agreement.
line of credit.
open-book credit.
promissory note.
Correct Answer:
Verified
Q24: Jack is setting up a global operation.
Q25: What is the difference between factoring accounts
Q26: Which term is used to identify the
Q27: With respect to inventory, which of the
Q28: Sallyanne is selling merchandise to a retailer
Q30: For a specific firm, which of the
Q31: Why is it necessary for a business
Q32: Which term is used to identify a
Q33: What is a promissory note?
A "gentleman's agreement"
Q34: The main source of collateral for companies
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