Sallyanne is selling merchandise to a retailer using the terms of a trade draft. As a new employee of Sallyanne's, you find out that a trade draft is
a means of pledging accounts receivable.
an agreement to meet certain terms, which is attached to the shipment and which must be signed before the goods are delivered to the buyer.
a legal agreement promising to pay for the goods, which is signed by the buyer before the seller will ship the goods.
a type of secured loan with trade products serving as collateral.
the seller ships products on faith that payment will be forthcoming.

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The Answer of Sallyanne is selling merchandise to a retailer using the terms of a trade draft. As a new employee of Sallyanne's, you find out that a trade draft is
a means of pledging accounts receivable.
an agreement to meet certain terms, which is attached to the shipment and which must be signed before the goods are delivered to the buyer.
a legal agreement promising to pay for the goods, which is signed by the buyer before the seller will ship the goods.
a type of secured loan with trade products serving as collateral.
the seller ships products on faith that payment will be forthcoming.

Sallyanne Is Selling Merchandise to a Retailer Using the Terms