Under the terms of a sight draft, the buyer's bank:
A)Is instructed to make immediate payment
B)Treats the invoice like a postdated cheques
C)Forwards the acceptance to the seller until due
D)Treats the purchase as a conditional sale

Question

Quizplus · Accepted Answer

Under the terms of a sight draft, the buyer's bank is instructed to make immediate payment. This means that as soon as the sight draft is presented, the buyer's bank must make payment to the seller.

Under the Terms of a Sight Draft, the Buyer's Bank