Author Question: The term issuer A)is not used in relation to commercial paper. B)is an all-purpose term that means ... (Read 178 times)

savannahhooper · **on:** Jun 24, 2018

The term issuer
A)is not used in relation to commercial paper.
B)is an all-purpose term that means both maker and drawer.
C)is synonymous with drawee.
D)is used in relation to commercial paper only to indicate the bank which creates a certificate of deposit.

Question 2

Under the Uniform Commercial Code, the risk of loss in a destination contract passes to the buyer when the goods are tendered to the buyer at that place.
Indicate whether the statement is true or false