Question: In a cash against documents transaction: The draft is payable on presentation to the drawer by the remitting bank. The draft is payable on presentation

In a cash against documents transaction:

The draft is payable on presentation to the drawer by the remitting bank.

The draft is payable on presentation to the drawee by the presenting bank.

The draft is payable on presentation to the drawee by the remitting bank.

The draft is payable on presentation to the drawer by the presenting bank.

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