Which of the Following Statements Holds True for the Time

question 71

Multiple Choice

Which of the following statements holds true for the time draft?

• A)The time draft is paid on the receipt of the goods by the importer.
• B)The time draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft.
• C)The time draft is paid on receipt of the draft (when it is "seen").
• D)The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods.
• E)The time draft is paid after a period of exactly one year after the delivery has been made to the importer.

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Definitions:

Embryonic Period

A critical phase in development that spans from conception to the eighth week, where major organs and structures begin to form in an embryo.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Uterus

A female reproductive organ where fetal development occurs during pregnancy.

Germinal Period

First 2 weeks after fertilization, during which the zygote moves down to the uterus and begins to implant in the lining.