Question: Once accepted by the drawee, a time draft becomes a ( n ) Multiple Choice 1 4 asset for the drawee. in - transit bill.

Once accepted by the drawee, a time draft becomes a(n)
Multiple Choice
14
asset for the drawee.
in-transit bill.
promise to pay by the accepting party.
bill of lading.
letter of credit held by the bank.
Once accepted by the drawee, a time draft becomes a(n) Multiple

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Once accepted by the drawee, a time draft becomes a ( n ) in - transit bill. letter of credit held by the bank. asset for the drawee. promise to pay by the accepting party. bill of lading.

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