A Is a Draft Payable on Presentation by the Payee

question 19

Multiple Choice

A is a draft payable on presentation by the payee or holder.

• A)time draft
• B)coupon draft
• C)trade draft
• D)sight draft

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Definitions:

Early Neutral Case Evaluation

A process in which parties to a dispute receive an assessment of their case by an impartial expert early in the litigation process.

Dispute Resolution

A process or methods used to resolve conflicts or disputes between parties, including negotiation, mediation, arbitration, or legal proceedings.

Ownership

The legal right or title to an asset or property, granting the owner control and decision-making powers over it.

Arbitration

A form of alternative dispute resolution where a neutral third party hears evidence from the disputants and makes a decision that can be binding.