A _____ is payable on presentation to the drawee.
A)time draft
B)bill of lading
C)sight draft
D)trade acceptance

Question

Quizplus · Accepted Answer

A sight draft is payable upon presentation to the drawee, meaning the recipient must pay the amount due immediately upon receiving the draft. Time drafts, on the other hand, have a specified future payment date. A bill of lading is a document that serves as proof of shipment and delivery of goods. A trade acceptance is a type of time draft that is used in commercial transactions between buyers and sellers.

A _____ Is Payable on Presentation to the Drawee