When the Payee Is Concerned About the Quality of a Draft

question 266

True/False

When the payee is concerned about the quality of a draft, it may be submitted to the drawee for confirmation. That is called an acceptance or bankers' acceptance.

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Definitions:

Self Management

Self management refers to an individual’s ability to regulate their emotions, thoughts, and behaviors effectively in different situations.

Human Skills

The abilities and competencies related to interpersonal relations and the management of people.

Mood Contagion

The psychological phenomenon where one person's mood or emotional state influences another's, often within groups or between individuals.

Positive

An attribute or condition that is constructive, beneficial, or optimistic in nature.