Which of the Following Is True About a Trade Acceptance

question 11

Multiple Choice

Which of the following is true about a trade acceptance?

• A)The buyer is the payee.
• B)The seller is both the drawer and payee.
• C)The draft is countersigned by the drawee's bank.
• D)The draft is only as good as the drawer's creditworthiness.

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Definitions:

Tissues

Groups of similar cells that work together to perform a specific function within an organism, such as muscle tissue or nervous tissue.

Organs

Structures in living organisms composed of different tissues that perform specific functions, such as the heart, liver, or lungs.

Application

The act of putting something to a special use or purpose, or a software program designed for a specific task.

Scientific Knowledge

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