An Agreement Under Which One Party Agrees to Pay Drafts

question 44

Multiple Choice

An agreement under which one party agrees to pay drafts drawn by a creditor is called a: ______.

• A) contract of surety.
• B) guaranty contract.
• C) letter of credit.
• D) debtor's agreement.

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Definitions:

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Oversimplified and generalized beliefs about groups or categories of people, often leading to prejudice and discrimination.

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The excessive worry, tension, or fear experienced before or during test situations, which can negatively impact performance.

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