The Drawee's Signature Alone on the Draft Is Not Sufficient

question 6

True/False

The drawee's signature alone on the draft is not sufficient to constitute a valid acceptance.

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Definitions:

Individual

pertains to a single human being as distinct from a group, class, or family.

Organization

A structured group of individuals working together towards shared goals or objectives, often formalized through roles and hierarchies.

Risk Taking

The action of engaging in activities that involve uncertainty or danger for potential gain.

Entrepreneurial Culture

An organizational culture that fosters innovation, risk-taking, and proactiveness in identifying and exploiting new business opportunities.