When a time draft is presented to a drawee, he or she signifies accept

QUESTION

When a time draft is presented to a drawee, he or she signifies acceptance of it by:

A. delivering the goods immediately.

B. paying the draft amount immediately.

C. providing a collateral for the amount specified in the bill.

D. writing or stamping a notice of acceptance on its face.

E. selling the draft to an investor at a discount from its face value.

ANSWER

D