Multiple Choice
Which of the following is true of a bill of exchange?
A) It is not considered a negotiable instrument.
B) It is also referred to as a draft.
C) It is a two-party instrument.
D) It contains a conditional order from the drawer that directs the drawee to pay a definite sum of money to a payee on demand or at a specified future date.
Correct Answer:
Verified
Correct Answer:
Verified
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