A Drawee on a Draft Has No Responsibility Under the Draft

question 45

True/False

A drawee on a draft has no responsibility under the draft until it has accepted that instrument.

---

Definitions:

Professional Organization

An association or group representing individuals with common professional interests, providing resources, networking opportunities, and industry standards.

Individual

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

User-generated Content

Content created and shared by consumers about a brand or product, including reviews, blog posts, social media posts, and videos, often influencing buying behavior.

Creative Effort

The process of generating innovative ideas and solutions through imaginative skill and artistic expression.