Explain the difference between a demand draft, a sight draft, and a time draft.
Question:
Explain the difference between a demand draft, a sight draft, and a time draft.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The difference between the three types of drafts concerns the time at which the payee is entitle...View the full answer
Answered By
Talha Talib
I am a member of IEEE society. As i am a student of electrical engineering badge 17 but beside of this i am also a tutor in unique academy. I teach calculus, communication skills, mechanics and economics. I am also a home tutor. My student Muhammad Salman Alvi is a brilliant A-level student and he performs very well in academics when i start to teach him. His weak point was mathematics but now he is performing well in mathematics. I am a scholarship holder in Fsc as i scored 1017 marks in metric out of 1100. Later on i got scholarship in Punjab Group of Colleges. I got 2nd position in robotics competition in 2018 as my project home automation select for the exhibition in Expocentre.
4.60+
23+ Reviews
62+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0132164429
4th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
If you make a promissory note that is payable in instalments, what precaution should you take after you pay each instalment? What is the potential result of not adopting that precaution?
-
One of the most significant changes in The Copyright Modernization Act is the digital lock provision. How might the new digital lock rules affect Canadian businesses? Consider both the perspectives...
-
When does a security interest attach? What is the legal significance of attachment?
-
It is possible to construct a nonparametric tolerance interval that is based on the extreme values in a random sample of size n from any continuous population. If p is the minimum proportion of the...
-
The stream from a gas well is a mixture containing 50-mol-% methane. 10-mol-% ethane, 20-mol-% propane, and 20-mol-% n-butane. This stream is fed into a partial condenser maintained at a pressure of...
-
From Table 5.2 in the case study, what can you conclude, given the F values and the p-values in the table? What steps should the team take regarding use of vendors and further testing for this...
-
The Foreign Corrupt Practices act can levy fines of more than five hundred million against companies our size that do not eliminate corruption in their operations abroad. Can you understand why the...
-
Adria Lopez, owner of Success Systems, decides to diversify her business by also manufacturing computer workstation furniture. Required 1. Classify the following manufacturing costs of Success...
-
Solving via linear equation No unread replies.No replies. A small country exports soybeans and flowers. Soybeans require 8 workers per acre, flowers require 12 workers per acre, and 100,000 workers...
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
Which of the following statements is true? (i) A cheque is a type of bill of exchange. (ii) A bill of exchange is a type of cheque. Explain your answer.
-
What is an acceleration clause? When is such a clause used?
-
Revenue RecognitionMembership Fees Midwest Health Club offers one-year memberships. Membership fees are due in full at the beginning of the individual membership period. As an incentive to new...
-
3. Firm ABC is going to pay an annual dividend of $2.00 per share. Management just announced that future dividends will increase by 10 percent annually in the first three years and 5 percent annually...
-
Suppose there is a 5.5 x 106 N/C electric field in some region.
-
After Niles died, his employer paid his estate $2,000 of salary still owed to Niles. The board of directors of Niles employer also decided to give his widow Daphne the $10,000 it expected to give to...
-
Assume a processor with 3 DDR DRAM channels of width 64 bit, operating at 1.4 GHz. All channels support up to 4 ranks of DIMMS. A DIMM contains multiple chips with the following properties. Banks...
-
Do the following contracts need to be in writing to be enforceable? Explain why or why not. A contract whereby the president of NewCo. Gives a personal guarantee (i.e., uses personal assets as...
-
Explain relationships between the Truth-in-Lending Act and the Equal Credit Opportunity Act.
-
What kind of rays are X-rays?
-
The Lazy Lion Restaurant was owned and operated by Leon Lowe. Although the property upon which the restaurant was located was owned by Lowe, it was also subject to a mortgage in favour of Ursula...
-
Finders, keepers; losers, weepers. Is that statement accurate, in whole or in part? Explain your answer.
-
Abe Costello has a lengthy criminal record for car theft. Some time ago, a police officer observed him driving through a red light. When the officer demanded Costellos drivers licence and car...
-
Do you look to social media to build your self-esteem? What aspects of social media make you feel better about yourself? What aspects make you feel worse? Do you think that social media has had an...
-
This is designed to help problem solvers speed up the slower process, slow other processes down to relieve pressure on the slow process, or a combination of the two. This statement BEST describes...
-
Write a routine request email to your supervisor asking for a 10% increase in your operating budget and to hire another team member for a new project your department is working on. The project is for...
Study smarter with the SolutionInn App