Multiple Choice
A(n) ________ is a ________ draft that arises when credit is extended with the sale of goods.
A) trade acceptance; time
B) trade acceptance; sight
C) allonge; time
D) allonge; sight
E) certificate of deposit; time
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: Determine whether the following instrument is
Q7: The term "instrument" means "negotiable instrument."
Q8: To be unconditional,a promise to pay cannot
Q9: Which type of indorsement indicates that the
Q10: In order to meet the writing requirement
Q12: The financial institution upon which a check
Q13: Which of the following is true about
Q14: The signature on a negotiable instrument must
Q15: A special indorsement creates bearer paper.
Q16: If there is no room on an