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.

---

Definitions:

Vibrates

The act of moving back and forth rapidly in a small movement, often as a result of mechanical action or acoustic energy.

Postural Drainage

A physiotherapy technique used to assist in the clearance of secretions from the airways and lungs by positioning the body in specific ways to utilize gravity.

Chronic Bronchitis

A long-term condition characterized by inflammation of the bronchi in the lungs, leading to persistent coughing and production of sputum.

Inhaler

A medical device used for delivering medication into the body via the lungs, commonly used in the treatment of asthma and chronic obstructive pulmonary disease (COPD).