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.

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Definitions:

Dissociative Identity Disorder

A psychological condition characterized by the presence of two or more distinct personality states that control an individual's behavior in different circumstances.

Dissociative Amnesia

Dissociative amnesia is a condition characterized by memory loss that is more extensive than normal forgetfulness and cannot be attributed to physical ailment, often resulting from trauma or stress.

Depersonalization-Derealization Disorder

A dissociative disorder marked by the presence of persistent and recurrent episodes of depersonalization, derealization, or both.

Dissociative Fugue

A rare psychological disorder characterized by temporary amnesia regarding one’s identity or past, often accompanied by unexpected travel away from one’s usual environment.