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WAEC Commerce 1997 Question 100

Question 100

Purchase and Sale of Goods

When a bill of exchange is signed by a debtor, it is said to be

  1. A.accepted
  2. B.negotiated
  3. C.honoured
  4. D.protested
  5. E.accommodated.
Show the answer and explanation

Answer: A (accepted)

Explanation

The debtor (drawee) accepts a bill by signing it.