Question: Answer the following questions based on the sample draft at the end 1. Please list the parties of the B/E drawer; drawee; payee: 2. On

Answer the following questions based on the sample draft at the end

1. Please list the parties of the B/E

drawer; drawee; payee:

2. On which day was this draft issued?

3. Is the bill in sole or two?

4. When is the time of payment for this B/E?

5. Amount of this bill?

6. Is this bill used under payment by L/C or collection?

If it is used under payment of L/C, indicate the basic information about this L/C.Answer the following questions based on the

SPECIMEN A 160,000 London 11th August 1994 AT SIGHT OF THIS SOLA OF EXCHANGE PAY TO OUR ORDER THE SUM OF STERLING POUNDS ONE HUNDRED AND SIXTY THOUSAND ONLY FOR VALUE RECEIVED Drawn under Irrevocable Credit of Barclays Bank of Canada Toronto, Number TODC603921 dated 30.6.94 To: Barclays Bank PLC Manchester ISB 51 Mosley Street Manchester Ref. MRDC708447 For and on behalf of NATHAN & COLES LTD DIRECTOR SPECIMEN B 160,000 London 11th August 1994 AT 90 DAYS AFTER DATE OF THIS FIRST OF EXCHANGE (SECOND OF THE SAME TENOR AND DATE BEING UNPAID) PLEASE PAY TO OUR ORDER THE SUM OF STERLING POUNDS ONE HUNDRED AND SIXTY THOUSAND ONLY FOR VALUE RECEIVED Drawn under Irrevocable Credit of Barclays Bank of Canada Toronto, Number TODC603921 dated 30.6.94 To: Barclays Bank PLC Manchester ISB For and on behalf of 51 Mosley Street NATHAN & COLES LTD Manchester On Ref. MRDC708447 DIRECTOR

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