Question

Mulch-Rite Inc., based in Germany, has contracted with a company in Italy to export twenty tons of mulch. Mulch-Rite has written an order requesting that the Italian company pay €15,000 by June 15 prior to the shipping date. This order is an example of a:___________.
A. buyback.
B. draft.
C. letter of credit.D. bill of lading.E. counterpurchase.

Answer 1

Answer:

B. Draft

Explanation:

Draft -

It refers to the piece of textual information, which may consist of drawing along with text, is referred to as a draft.

It is a type of rough framework of the main idea or project, which helps to frame the original project in a more efficient manner.

Hence, from the given scenario of the question,

The framework or the order written by the Mulch - Rite, is referred to as a draft.