To obtain office supplies for Doctors Medical Clinic,Elmo executes a draft in favor of Flynn.A draft is
A)a conditional promise to pay money.
B)an unconditional written order to pay money.
C)a qualified promise to set aside a sum of money.
D)a restricted promise to deliver goods at a future date.

Question

Quizplus · Accepted Answer

A draft is an unconditional written order to pay money, typically used in commercial transactions. In this case, Elmo is using a draft to obtain office supplies for Doctors Medical Clinic and is directing the payment to be made to Flynn.

To Obtain Office Supplies for Doctors Medical Clinic,Elmo Executes a Draft