A ________ is a document the seller draws on the buyer,requiring the buyer to pay the face amount (the purchase price of the goods)either on sight (a sight draft)or on a specified date (a time draft)once the goods are shipped.

Question

Quizplus · Accepted Answer

A bank draft is a document drawn by the seller on the buyer, requiring payment of the purchase price either on sight or on a specified date once the goods are shipped.

A ________ Is a Document the Seller Draws on the Buyer,requiring