Fact Pattern 24-2A (Questions A3-A4 Apply)

question 12

Multiple Choice

Fact Pattern 24-2A (Questions A3-A4 apply)
Commodity Sales Corporation and Resource Purchasing Company enter a contract for a sale of unprocessed silver.Commodity Sales draws a draft unconditionally ordering Resource Purchasing to pay $50,000 to Commodity Sales's order in sixty days.Resource Purchasing signs and dates the draft.
-Refer to Fact Pattern 24-2A.This instrument is

• A)a banker's acceptance.
• B)a nonnegotiable instrument.
• C)a promissory note.
• D)a trade acceptance.

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Definitions:

OB Researcher

A scholar or scientist who studies Organizational Behavior, focusing on understanding and improving the way individuals and groups interact within organizations.

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Research methods involving the collection of data from a sample of individuals through their responses to questions.

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Research method involving an up-close, in-depth, and detailed examination of a particular case within its real-world context.