Exercise1 一、Make choice of whether the following bills are acceptable or not
Mark X before acceptable or unacceptable you chose
(1) A bill shows: pay to ABC Co
providing the goods in compliance with contract the sum of one thousand US Dollars
It is acceptable / unacceptable
(2) A bill shows: pay to ABC Co
the sum of ten thousand US dollars on condition that shipment of goods has been made
It is acceptable / unacceptable
(3) A bill shows: On demand pay to the order of ABC Co
the sum of twenty thousand US dollars drawn against shipment of 10bales cotton piece goods from Tianjin to London
It is acceptable / unacceptable
(4) A bill shows: pay to ABC Co
out of proceeds of sale of woollen blankets the sum of one thousand US dollars
It is acceptable / unacceptable
(5) A bill shows: