Question: A time draft is a written order instructing the importer or his agent that calls for payment the amount specified on its face on a

A time draft

is a written order instructing the importer or his agent that calls for payment the amount specified on its face on a certain date.

later becomes a banker's acceptance.

none of the options

is a document issued by the common carrier specifying that it has received the goods for shipment; it can serve as title to the goods.

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