更多"Passage Two
Document against accep"的相关试题:
[单项选择]Passage Two
Document against acceptance ( D/A) is exactly like document against payment ( D/P) except that, instead of signing the sight draft and paying on presentation of documents to re-ceive the bill (s) of lading, the importer accepts the usance (time) draft that creates an obli-gation similar to a promissory note called a trade acceptance. This can be used for finance pur-poses under some conditions. This is a promise to pay in a certain number of days, after ac-cepting the documents, usually for a term of between 30 and 180 days. D/A terms are more secure than open account because the transaction and receipt of goods are evidenced by a nego-tiable instrument. It is much easier to enforce a financial instrument than an account receiv-able, which must be proven to the courts. However, a sharp increase in risk over D/A oc-curs because the importer now has the goods, and the exporter only has a promise to pay. The bank has no responsibility to collect the funds on or after the due
A. the buyer gives credit to the seller
B. the buyer can get the goods and even sell it before he has to pay
C. the buyer promises to pay in 30 days
D. an obligation is created
[单项选择]
A. By prediction.
B. By recording.
C. By observation.
D. By examination.
