Suppose a bill of exchange is draw on December 31, 2001, and the payment date is 2 months after issuing date, and the maturity date is ______.
A.Feb. 28, 2002
B.Feb. 29, 2002
C.Mar. 1, 2002
D.Mar. 4, 2002
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If the bill is payable “60 days after date”, the date of payment is decided according to( )
A.the date of acceptance
B.the date of presentation
C.the date of issuance
D.the date of maturity
The party to whom the bill is addressed is called the( )
A.drawer
B.drawee
C.holder
D.payee
When financing is without recourse, this means that the bank has no recourse to the( )if such drafts are dishonored.
A. .payer
B.drawee
C.acceptor
D.drawer
The bill which must be presented for acceptance is( )
A. .the bill payable at xx days after date
B.the bill payable xx days after sight
C.the bill payable on a fixed date
D.the bill payable at sight