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T/F 1. a clean draft means a draft without the company of any document. 2. a bill of exchange with restrictive payee is not transferrable.
T/F
1. a clean draft means a draft without the company of any document.
2. a bill of exchange with restrictive payee is not transferrable.
3. remittance is the mode of payment that involves high risks to either the seller or the buyer.
4. according to URC522, in collection transaction, banks have responsibility to examine the documents they received to make sure they are in conformity with sales contract.
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