Fact Pattern 15-2 LNG Corporation and Mid-State Utility Company Enter a Contract for a Contract

question 66

Multiple Choice

Fact Pattern 15-2
LNG Corporation and Mid-state Utility Company enter a contract for a sale of liquefied natural gas. LNG draws a draft unconditionally ordering Mid-state Utility to pay $50,000 to LNG's order in sixty days. Mid-state Utility signs and dates the draft.
-Refer to Fact Pattern 15-2.This instrument is

• A) ​a banker's acceptance.
• B) ​a nonnegotiable instrument.
• C) ​a promissory note.
• D) ​a trade acceptance.

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Definitions:

Global Contender

describes a company or entity that competes on a worldwide scale, often striving for international market leadership in its industry.

Communications Strategies

Planned approaches to disseminate information effectively to target audiences, utilizing various channels and techniques to achieve specified objectives.

Global Communications

The exchange of information and messages across international borders, facilitated through various media and technologies.

Power Distance Score

A measure used in cross-cultural studies that expresses the degree to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.