Вопрос № 911667 - Английский язык

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When a buyer has chosen the house, he has a lawyer to draw up a contract. This document states the legal definition of the property gives the purchase price and demands proof of owner. It also includes other important information, such as the fixtures that are to remain in the house and the time when the purchaser will take possession.
The buyer pays a deposit when he signs the contract. The deposit binds the seller to the terms of the contract.

When a buyer has chosen the house, he has a lawyer to draw up a contract. This document states the legal definition of the property, gives the purchase price and demands proof of owner. It also includes other important information, such as the fixtures that are to remain in the house and the time when the purchaser will take possession.
The buyer pays a deposit when he signs the contract. The deposit binds the seller to the terms of the contract.
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Who makes out a collection order?
When banks handle documents in order to obtain acceptance and/or payment, following the instructions given to them, this is called “collection”. The exporter (or drawer) presents to his bank (called remitting bank) an application form with the documents attached. This bank makes out a collection order and passes it over to its correspondent bank in the country of the importer (or drawee). The correspondent bank or some other bank (called collecting) may present the documents to the importer or pass them over to another collecting bank (called presenting). This presenting bank presents the documents to the importer (or drawee). Collecting banks do not take responsibility for acceptance or payment.

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What is the clean collection?
There exist two types of collections. Collections may be documentary or clean. The documentary collection is the collection of commercial documents or the collection of financial documents together with commercial documents.
The collection of only financial documents is called clean. Commercial documents are: invoices, bills of lading, waybills and certificates. Financial documents are: promissory notes, bills of exchange, cheques and payment receipts.

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What is the person who signs the promissory note called?
A promissory note is a promise by one party (called the maker) who signs the promissory note, to pay to another party (called the payee) a definite sum of money either on demand or at a specified future date. The promissory note may be made payable to the bearer, to a party named in the note, or to the order of the party named in the note.
A promissory note can be made negotiable by endorsement if it is specifically made payable to the order of a person.

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When is a draft called a bill of exchange?
Draft is a written order for the payment of money drawn by one person, directing a second person or financial institution to pay a third person. A draft is called a cheque when it is drawn on a bank. When money is transferred between institutions in different countries, a draft is called a bill of exchange. A draft is payable on sight or on demand; however, in some transactions drafts are often payable at a stated date in the future.