To obtain office supplies for All-Care Medical Clinic, Britney executes a draft in favor of Chris. A draft is

a. a conditional promise to pay money.

b. an unconditional written order to pay money.

c. a qualified promise to set aside a sum of money.

d. a restricted promise to deliver goods at a future date.

Question

Draven Patel

Business

22 August, 11:03

To obtain office supplies for All-Care Medical Clinic, Britney executes a draft in favor of Chris. A draft is

a. a conditional promise to pay money.

b. an unconditional written order to pay money.

c. a qualified promise to set aside a sum of money.

d. a restricted promise to deliver goods at a future date.

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Answers (1)

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Ryder Reynolds · Answer 1

b. an unconditional written order to pay money.

Explanation:

A draft is an order to pay the specified amount to the specified person. Drawer issues the draft in the name of payee. It is unconditional and paid when payee present it in the bank. A bank draft is a check that guarantee the payment of fund's in the name of payee. So the correct option is b. an unconditional written order to pay money.