Multiple Choice
When a time draft is presented to the drawee,he signifies acceptance of it by:
A) delivering the goods in the agreed time.
B) paying the draft amount immediately.
C) providing a collateral for the amount specified in the bill.
D) writing or stamping a notice of acceptance on its face.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Studies have shown that while small firms
Q2: For U.S.firms,the most comprehensive source of export
Q3: Time drafts:<br>A)have no value given the deferred
Q5: The United States has now evolved an
Q6: The mission of the Foreign Credit Insurance
Q7: A bill of lading serves all of
Q8: The two forms of government-backed assistance that
Q9: In a(n)_ one party can fulfill the
Q10: When a time draft is drawn on
Q11: Until recently the United States has been