When a time draft is presented to a drawee,he or she signifies acceptance of it by
A)delivering the goods immediately.
B)paying the draft amount immediately.
C)providing a collateral for the amount specified in the bill.
D)writing or stamping a notice of acceptance on its face.
E)selling the draft to an investor at a discount from its face value.

Question

Quizplus · Accepted Answer

When a time draft is presented to a drawee, he or she signifies acceptance of it by writing or stamping a notice of acceptance on its face. This is a common practice followed in business transactions, indicating that the drawee agrees to pay the amount specified in the bill within the time period mentioned.

When a Time Draft Is Presented to a Drawee,he or She