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
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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
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
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
The ability of a non-centered process to meet certain quality standards is measured by its ________
Fill in the blank with the appropriate word.