A sight draft is:
A) also known as a trade acceptance agreement
B) also known as a sales draft
C) also known as a time draft
D) payable upon presentation by the seller to the buyer of the goods
E) none of the other choices
Correct Answer:
Verified
Q257: Julia is buying a house from Mary.
Q258: Under Article 3 of the UCC, a
Q259: A _ is a form of check
Q260: The most commonly used form of draft
Q261: When personal property is used as collateral
Q263: A(n) _ is a legally binding written
Q264: The most common use of drafts is
Q265: When a note is to be paid
Q266: When personal property is used as collateral
Q267: When the maker promises to repay the
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