A Drawee Is Not Liable to Pay a Draft Until

question 34

True/False

A drawee is not liable to pay a draft until the drawee has accepted it.

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Definitions:

Germination

refers to the process by which a plant grows from a seed or similar structure, often requiring specific environmental conditions to begin.

Cotyledons

Seed leaves in plants that store nutrients and supply them to the developing seedling during germination.

Endosperm

A tissue produced inside the seeds of most flowering plants around the time of fertilization. It provides nutrition in the form of starch, though it can also contain oils and protein, to the developing embryo.

Hypocotyl

The part of a seedling's stem situated below the cotyledons and above the root.