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    Exam 27: Online: Special Contracts: Negotiable Instruments
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    A Sight Draft Allows the Payee of a Bill of Exchange
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A Sight Draft Allows the Payee of a Bill of Exchange

Question 46

Question 46

True/False

A sight draft allows the payee of a bill of exchange to receive payment immediately, whereas a demand draft only allows the payee to require the drawee to make payment within three days of presentation.

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