A( )must be accepted by the drawee before payment.
A. sight bill
B. bill payable at XX days after sight
C. promissory note
D. bill payable on demand
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The remitting bank in collection checks the documents received ____.
A. as a service to its clients
B. to avoid unnecessary risk
C. before sending them out
D. all of the above
Large payments should be made by ____
A. T/T
B. SWIFT
C. M/T
D. A or B
A holder is a ______ to the bill.
The sequence of comparing documents and L/C is firstly in ______ direction and then in ______ direction.
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