What is a trade acceptance?
What will be an ideal response?
A trade acceptance or bill of exchange is a sight draft that arises when credit is extended by the seller to the buyer with the sale of goods. With this type of draft, the seller is both the drawer and the payee. The buyer to whom credit is extended is the drawee. Even though only two actual parties are involved, it is considered a three-party instrument because three legal positions are involved. A trade acceptance is not countersigned by the drawee's bank, so it is only as good as the buyer-drawee's creditworthiness.
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When the demands or pressures from work and family domains are mutually incompatible, a person is experiencing ______-life conflict.
Fill in the blank(s) with the appropriate word(s).
A licensed salesperson wishes to perform real estate brokerage services as a full time employee of an unlicensed developer. In order to provide brokerage services to such an unlicensed party, the licensee must:
A. Put their license on inactive status. B. Notify their broker in writing as to their intent and obtain written approval from their broker. B. Notify their broker in writhing as to their intent and obtain written approval from their broker. C. Work through a listing agreement established between the salesperson and unlicensed developer. D. Surrender their license entirely before beginning work for the unlicensed party under an exception of the license law.