When Does the Drawee Become Liable for Payment of a Draft

question 45

Multiple Choice

When does the drawee become liable for payment of a draft?

• A)When the drawer signs it.
• B)Automatically upon its creation.
• C)Upon accepting it.
• D)Upon the performance of the underlying obligation.

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Definitions:

Muscle Tension

The condition where muscles remain semi-contracted for an extended period, often as a response to stress or physical exertion.

CAM

Complementary and Alternative Medicine, which refers to medical products and practices that are not part of standard medical care.

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe comprising England, Scotland, Wales, and Northern Ireland.

Germany

A country in Central Europe known for its rich history, cultural heritage, and significant contributions to art, science, literature, and philosophy.