The process whereby banks serve as intermediaries between the seller and the buyer for the exchange of the bill of lading in return for payment is:

a. the documentary sale.

b. the negotiability of the document of title.

c. the documentary collection.

d. the documentary transaction.


c

Business

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Which of the following documents would be prepared (by a buyer of goods) after the others?

A) Purchase order B) Check C) Purchase requisition D) Receiving report

Business

Which of the following is NOT required to create a valid trust?

a. Legal age and sound mind of the grantor b. Witnesses c. A beneficiary(ies) d. Property transferred to the trust

Business

Which of the following items does not need to be included in a financing statement?

A) The debtor's name B) The secured party's name C) The debtor's mailing address D) A description of the collateral E) What constitutes a default in the underlying loan agreement

Business

The ability of a non-centered process to meet certain quality standards is measured by its ________

Fill in the blank with the appropriate word.

Business