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A Sight Draft

Question 3

Multiple Choice

A sight draft


A) is a bill of exchange that is effective when it is seen by the buyer.
B) is a bill of exchange prepared by the buyer.
C) allows the buyer to keep control and title to the goods once the seller receives them.
D) allows the seller to keep control and title to the goods until the seller is assured of payment.
E) is signed by both the seller and the buyer.

Correct Answer:

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