Question

Which of the following is true w.r.t
goods sent under Usance collection i.e
"Documents Against Acceptance"?
The buyer will get possession of goods before
payment by giving acceptance.
The Remitting Bank can discount the Bill if it
has credit lines in favour of the Seller.
The presenting Bank does not incur any liability
in case the buyer defaults on due date after
giving acceptance.
All the above​

Answer 1

The buyer will get possession of goods before

payment by giving acceptance.

The Remitting Bank can discount the Bill if it

has credit lines in favour of the Seller.

The presenting Bank does not incur any liability

in case the buyer defaults on due date after

giving acceptance.

All the above

Answer 2

Answer:

all of the above, all of above