Which of the Following Terms of Payment Has the Least

question 30

Multiple Choice

Which of the following Terms of Payment has the least risk to the seller?

• A) Letter of Credit
• B) Cash in Advance
• C) On presentation of draft to buyer
• D) On maturity of the draft

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Definitions:

Attorney General

The principal legal officer who represents a country or a state in legal matters and gives legal advice to the government.

Prosecuted

This involves legal proceedings against an individual or entity for the commission of a crime, leading to a trial and potentially a conviction.

Probable Cause

Reasonable grounds for believing that a search should be conducted or that a person should be arrested.

Arrest Warrant

A legal document issued by a judge or magistrate that authorizes law enforcement to arrest an individual on suspicion of committing a crime.