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Yokav Yokav
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7 years ago
Sallyanne is selling merchandise to a retailer using the terms of a trade draft. As a new employee of Sallyanne's, you find out that a trade draft is
A) a legal agreement promising to pay for the goods, which is signed by the buyer before the seller will ship the goods.
B) an agreement to meet certain terms, which is attached to the shipment and which must be signed before the goods are delivered to the buyer.
C) the seller ships products on faith that payment will be forthcoming.
D) a means of pledging accounts receivable.
E) a type of secured loan with trade products serving as collateral.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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ByprivateByprivate
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4 years ago
thanks
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