The one who agreed to make a payment, such as a bank making a payment based on a document presented to it is:
a. the payee
b. the beneficiary c. the drawer
d. the drawee
e. none of the other choices
Question 2
A controversial aspect of the Robinson-Patman Act is that it:
a. allows sellers to charge different prices for different buyers b. tends to over-stimulate competition
c. discourages small retailers from being able to compete d. denies sellers some benefits of vertical integration
e. all of the other choices
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
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A typical bank statement.
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