For a Drawee to Be Obligated to Honor a Time

question 10

Multiple Choice

For a drawee to be obligated to honor a time draft, the drawee must be obligated to the drawer by

• A)a stated time in the future.
• B)an international trade agreement.
• C)a commercial money market contract.
• D)an account agreement or a debtor-creditor relationship.

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Definitions:

Social Sensitivity

The ability to perceive and understand the emotions and cues of others in social interactions.

Social Loafing

The tendency of individuals to reduce their effort when working in a group, compared to when they are working alone.

Target Completion Date

The specifically designated day by which a task or project is expected to be finished.

Diverse Demography

Refers to the presence of a wide range of differences among a population's members, including age, race, gender, ethnicity, and so on.