Fact Pattern 24-2ACommodity Sales Corporation and Resource Purchasing Company enter a contract for a sale of unprocessed silver. Commodity Sales draws a draft unconditionally ordering Resource Purchasing to pay $50,000 to Commodity Sales's order in sixty days. Resource Purchasing signs and dates the draft.Refer to Fact Pattern 24-2A. This instrument is
A. a banker's acceptance.
B. a nonnegotiable instrument.
C. a promissory note.
D. a trade acceptance.
Answer: D
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