When a Time Draft Is Presented to a Drawee, the Company

question 81

Multiple Choice

When a time draft is presented to a drawee, the company signifies acceptance of it by

• A) delivering the goods immediately.
• B) paying the draft amount immediately.
• C) providing a collateral for the amount specified in the bill.
• D) writing or stamping a notice of acceptance on its face.
• E) selling the draft to an investor at a discount from its face value.

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Definitions:

Pollination

The transfer of pollen from the male part of a plant to the female part, enabling fertilization and the production of seeds.

Tropical Rain Forest

A dense, warm, and wet biome located near the equator, known for its immense biodiversity, complex ecosystem, and pivotal role in global climate regulation.

Mountain Biomes

Regions characterized by high elevation landscapes, distinct climate variation, and unique biodiversity.

Elevation

The height above sea level at which a particular location on Earth's surface stands.