Multiple Choice
A sight draft that arises when a seller extends credit to a buyer with the sale of goods is known as a ________.
A) check
B) time draft
C) trade acceptance
D) demand draft
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: Instruments that are payable on demand are
Q52: Trade names or assumed names cannot be
Q53: Security posted by a promissory note maker
Q54: A certificate of deposit is an order
Q55: Instruments that are payable upon an uncertain
Q57: An acceleration clause permits the maker to
Q58: Which of the following is true of
Q59: In order to be considered valid, a
Q60: Acceptance of drafts can be done orally.
Q61: What is a trade acceptance?