When the Drawee of a Draft Has Indicated by Writing

question 21

Multiple Choice

When the drawee of a draft has indicated by writing or record a willingness to pay the amount specified in the draft the drawee is called a(n) :

• A) acceptor.
• B) accommodation party.
• C) payee.
• D) secondary obligator.

---

Definitions:

Multinationals

Large corporations that have operations, production, or service facilities in more than one country, often playing a significant role in global trade and economic relations.

Billion-Dollar Mergers

Large-scale corporate mergers involving the combination of companies or assets with a total value of at least one billion dollars.

Financial Scandals

Instances of dishonesty or unethical behavior in the financial industry, often involving the theft of funds or manipulation of financial markets.

Corporate Merger

The combining of assets and operations of two companies to form a single entity, often with the aim of increasing market share or reducing costs.