True/False
When the drawee of a draft has indicated by writing or record a willingness to pay the amount specified in the draft, the drawee has accepted liability and is called the acceptor.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: Negotiability is the characteristic that distinguishes commercial
Q9: The party who writes or creates a
Q22: An instrument is payable at a definite
Q26: Both drafts and promissory notes may have
Q26: An instrument is conditional if:<br>A) it contains
Q28: Once an instrument is negotiable, it can
Q29: An endorsement that does not name the
Q31: Which of the following terms would make
Q33: The person on whom the order to
Q45: A drawee on a draft has no