The Convention on Bills of Exchange as well as U.S.and English domestic laws require the language "bill of exchange" to appear clearly and prominently on the face of the instrument.
Correct Answer:
Verified
Q6: Under accounts receivable financing,the factor is protected
Q7: The issuing bank will honor the draft
Q8: "Bill of exchange" and "international draft" are
Q9: The holder of a banker's acceptance may
Q10: The seller's bank acting as an advising
Q12: Letters of credit is a revocable commitment
Q13: Under a documentary collection,the banks are acting
Q14: Terms of the sales contract must be
Q15: The obligations under the letter of credit
Q16: The SWIFT System is an electronic network
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