A commercial draft typically:
A) specifies the payment amount and payment due date.
B) specifies that the purchaser use the seller's bank as the guarantor.
C) requires payment prior to the delivery of the goods.
D) is signed upon delivery of the goods.
E) involves a lien on the purchasers' current assets.
A) specifies the payment amount and payment due date.
You might also like to view...
Which outcome to influence tactics causes bad feelings and distrust?
A. compliance B. resistance C. adherence D. commitment
If you wanted to give special emphasis to a phrase, you would use:
a. dashes. b. commas. c. parentheses.
In general, as a country's income increases, so does the demand for imports
Indicate whether the statement is true or false.
Varughese Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.The excess (deficiency) of cash available over disbursements for March will be:
A. $24,000 B. $215,000 C. ($9,000) D. $42,000