Solved

With a Bank-Accepted Bill the Drawer Has a Secondary Liability

Question 17

True/False

With a bank-accepted bill the drawer has a secondary liability after the acceptor to pay the holder of the bill the face value of the bill at the maturity date.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: When a company provides goods to a

Q13: What is the discount rate of a

Q14: Compared with bill financing,commercial paper financing offers

Q15: When an issuer of commercial paper issue

Q16: If a company has a good credit

Q18: The _ is the benchmark rate of

Q19: The role of a lead manager for

Q20: Which of the following about P-notes is

Q21: Commercial paper is generally sold at a

Q22: When a company has a deal with