Liability of the Drawer, Acceptor, or Maker on a Bill

question 39

Multiple Choice

Liability of the drawer, acceptor, or maker on a bill of exchange is dependent on

• A) the negotiation of the bill.
• B) the delivery of the bill.
• C) the signing of the bill.
• D) the presentment of the bill.
• E) the signing and delivery of the bill.

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Definitions:

Indirect Materials

Materials used in the production process that cannot be directly linked to a specific product, such as lubricants and cleaning supplies.

Production

The process of creating goods and services.

Manufacturing Overhead

Indirect costs associated with the manufacturing process, including utilities, rent, and salaries not directly tied to production.

Indirect Materials

Materials used in the production process that cannot be directly traced to a specific product, such as lubricants and cleaning supplies for machinery.