The most common use of drafts is to:
A) guarantee payment from bankrupt parties
B) guarantee payment for real estate
C) guarantee payment for nonnegotiable contracts
D) guarantee payment between businesses located in different states
E) none of the other choices are correct
Correct Answer:
Verified
Q259: A _ is a form of check
Q260: The most commonly used form of draft
Q261: When personal property is used as collateral
Q262: A sight draft is:
A) also known as
Q263: A(n) _ is a legally binding written
Q265: When a note is to be paid
Q266: When personal property is used as collateral
Q267: When the maker promises to repay the
Q268: A(n) _ is a legally binding written
Q269: According to the UCC, a draft may
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