Which of the Following Statements Holds True for the Sight

question 79

Multiple Choice

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

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

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Definitions:

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