Time Drafts

question 73

Multiple Choice

Time drafts:

• A) have no value given the deferred nature of document
• B) are generally not preferable in international transaction
• C) are negotiable instruments
• D) are also called bill of ladings
• E) are replaced by sight drafts after all conditions are met

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Definitions:

Resistance

The opposition or reluctance to accept or comply with changes or new conditions in an environment or system.

Adherence

The act of sticking closely to instructions, rules, or guidelines.

Resistance

The opposition or pushback by individuals or groups towards proposals, changes, or authoritative decisions within organizations.

Compliance

The act of adhering to rules, standards, or laws, often within regulatory, policy, or organizational contexts.