Asked by
Zeann Kirsten
on Nov 27, 2024
Verified
No drafts other than checks may be used in commercial transactions.
Drafts
Preliminary versions of documents or plans that are subject to revision or editing.
Checks
Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated person.
Commercial Transactions
Business activities that involve the exchange of goods, services, or funds between enterprises or individuals.
- Pinpoint and differentiate assorted categories of negotiable instruments, notably promissory notes, drafts, and checks.
Verified Answer
AF
Learning Objectives
- Pinpoint and differentiate assorted categories of negotiable instruments, notably promissory notes, drafts, and checks.