Sight Drafts Can Be Used as

question 49

Multiple Choice

Sight drafts can be used as

• A)certificates of deposit.
• B)promissory notes.
• C)collection devices.
• D)share certificates.
• E)finance notes.

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Definitions:

Substantial Risk

A significant chance or danger of damage, harm, or adverse effects.

Felony

As a general rule, all crimes punishable by death or by imprisonment in a state prison.

Misdemeanor

Any crime that is punishable neither by death nor by imprisonment in a state prison.

Serious Crime

An act, typically involving violence, regarded by society as being particularly harmful or dangerous, and punishable by severe penalties including imprisonment.