• 2022-06-04
    The holder of a bill does not present for payment before the due of the bill. If the holder is refused payment, the prior party may be exempted from recourse.
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      When a holder of a commercial bill sells it before its maturity date the return to the holder is called the holding period return.

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      Which is not included in the contents of a bill of exchange? A: signature of drawer B: conditional order of payment C: payment due date D: a specific sum

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      The first holder of a bill is the( ) of the bill of exchange. A: drawer B: drawee C: payee D: acceptor

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      4.2 Which bank plays the role of accepting the commission of remitting bank to present the bill of exchange and collect the payment?

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      Under D/A, documents are ______. A: released to the importer against payment of the bill B: released to the importer against acceptance of the bill C: released to the importer against payment or acceptance of the bill D: released to the importer against acceptance of the sight bill