What Would a Seller of Goods Use to Assure Payment

question 62

Multiple Choice

What would a seller of goods use to assure payment from the sale of goods overseas?

• A)Bill of lading.
• B)Warehouse receipt.
• C)Letter of credit.
• D)Negotiable draft.

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Definitions:

Manpower

The supply of people available for work or military service.

Negotiations

The process of discussing and arriving at a mutual agreement between parties with differing interests.

Africa Slave Trade

The transatlantic slave trade involved the transportation of enslaved African people, mainly to the Americas, from the 16th to the 19th century.

Religious Reformation

A movement in the 16th century that aimed at reforming the beliefs and practices of the Roman Catholic Church, leading to the creation of Protestant churches.