A bill of exchange drawn on another party is called a _____.
A) time draft
B) trade draft
C) sight draft
D) bank draft
E) banker's acceptance
Correct Answer:
Verified
Q21: Which of the following is not necessary
Q22: The Uniform Commercial Code defines a _
Q23: A _ calls for payment on a
Q24: Of the following, who can become an
Q25: An "I.O.U." is not a negotiable instrument.
Q27: The drawee is:
A) one who directs a
Q28: A _ is drawn on the account
Q29: The Holly Hill Acres, Ltd. v. Charter
Q30: A banker's acceptance is:
A) a debt instrument
Q31: The benefit to negotiability is that the
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