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Which One of the Following Is NOTtrue When Shipping Goods

Question 21

Multiple Choice

Which one of the following is NOTtrue when shipping goods under documentary time drafts for acceptance?


A) the exporter is extending credit to the importer
B) the exporter is relinquishing control of the goods in return for a signature on the acceptance to assure it of payment
C) the importer is no longer bound to pay the draft to the exporter
D) a bill of lading will be the most important document of the transaction

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