When a Time Draft Is Drawn on and Accepted by a Business

question 68

Multiple Choice

When a time draft is drawn on and accepted by a business firm,it is called a(n) :

• A)trade acceptance.
• B)in-transit bill.
• C)banker's acceptance.
• D)bill of lading.

---

Definitions:

Writing

The act or process of composing text or content for various purposes, including communication, documentation, and records.

Union Convention

A meeting or assembly of representatives from a union, typically held to discuss and decide upon policies, strategies, and collective bargaining positions.

Patent Protection

Legal rights granted to inventors to exclusively make, use, or sell their invention for a certain period of time.

Paris

The capital city of France, known for its cultural sites, history, and as a significant center for art, fashion, gastronomy, and diplomacy.