Which of the Following Statements Holds True for the Time

question 71

Multiple Choice

Which of the following statements holds true for the time draft?

• A)The time draft is paid on the receipt of the goods by the importer.
• B)The time draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft.
• C)The time draft is paid on receipt of the draft (when it is "seen").
• D)The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods.
• E)The time draft is paid after a period of exactly one year after the delivery has been made to the importer.