A _____ calls for payment on a date specified in the written order.
A) bill of exchange
B) check
C) time draft
D) banker's acceptance
E) promissory note
Correct Answer:
Verified
Q18: An instrument payable to order is one
Q19: A draft is an unconditional order by
Q20: Banker's acceptance is a short-term credit investment
Q21: Which of the following is not necessary
Q22: The Uniform Commercial Code defines a _
Q24: Of the following, who can become an
Q25: An "I.O.U." is not a negotiable instrument.
Q26: A bill of exchange drawn on another
Q27: The drawee is:
A) one who directs a
Q28: A _ is drawn on the account
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