Multiple Choice
In June,The Seascape Gallery sells an oil painting to Collegiate Systems,Inc.Collegiate promises to pay for the painting in three months.The gallery prepares a draft ordering Collegiate Systems to pay $3,000 to First Bank on September 15.Collegiate Systems signs the draft.The draft is a:
A) sight draft.
B) time draft.
C) trade acceptance.
D) Both b and c
Correct Answer:
Verified
Correct Answer:
Verified
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