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

question 47

True/False

Liability of the drawer, acceptor, or maker on a bill of exchange is dependent on the signing and delivery of the bill.

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Definitions:

Process Model

A representation, often in diagrammatic form, of the steps and decisions involved in carrying out a process or operation.

Supply Chain Relationships

The interactions and connections between various entities involved in the production and distribution process of goods and services.

Steps

A series of actions or procedures taken to achieve a particular end.

4PL Provider

Fourth Party Logistics Provider; a firm that assembles and manages all resources, capabilities, and technology of an organization's supply chain and its array of providers.