Which of the Following Is True About Drafts

question 10

Multiple Choice

Which of the following is true about drafts?

• A) Drafts are two-party paper.
• B) A draft must have a bank as the drawee.
• C) A draft contains an order to pay.
• D) All drafts are payable on demand.

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Definitions:

Democratic Societies

Societies where the government is elected by the people, typically featuring principles of equality, freedom of speech, and fair play under a rule of law.

Industrialized Nations

Countries characterized by a high level of industrial activity, infrastructure, and higher standards of living.

Media Regulation

The control or governance of media enterprises and content, typically by governmental or independent bodies, to ensure ethical standards and public welfare.

Fin-Syn Rule

A set of regulations by the FCC that prevented television networks from owning the syndication rights to their own programming content.