A time draft is a negotiable instrument, which means that it:
a. is also known as a bill of lading.
b. has no value given the deferred nature of the document.
c. can be sold to an investor.
d. cannot be transferred.
e. is generally not preferred in international transactions.
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A time draft is a negotiable instrument, which means that it:
a. is also known as a bill of lading....
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