Define: Clean Draft

Clean Draft
Clean Draft
Quick Summary of Clean Draft

A clean draft is a written directive instructing one individual to make a specific payment to another individual. It functions similarly to a check used for payment purposes. There are various types of drafts, such as a demand draft that allows immediate access to funds, or a time draft that requires waiting until a specified date to receive the money. A clean draft does not include any additional documents. Additionally, the term “draft” can also refer to the compulsory enlistment of individuals into the military. It can also mean the act of selecting or assigning someone for a particular job or task.

Full Definition Of Clean Draft

A clean draft is a draft that lacks any shipping documents. It is an unconditional written order signed by one person (the drawer) instructing another person (the drawee or payor) to pay a specific amount of money on demand or at a specific time to a third person (the payee) or to bearer. The most common example of a draft is a check. For instance, if a company in the United States wishes to buy goods from a supplier in China, the supplier can send a clean draft to the company. This clean draft can then be used by the company to make payment for the goods. Since the clean draft does not require any shipping documents, the company can pay for the goods without the need for additional documentation. This example demonstrates how a clean draft can facilitate international trade by expediting and streamlining the payment process.

Clean Draft FAQ'S

Yes, as a property owner, you have a duty to maintain a safe environment for visitors. If negligence can be proven, you may be held liable for injuries sustained on your property.

Misdemeanors are less serious crimes punishable by fines and/or up to one year in jail, while felonies are more serious offenses carrying potential imprisonment for more than one year.

The statute of limitations for personal injury cases varies by state, but it is typically between one to three years from the date of the injury. It is important to consult with an attorney to determine the specific deadline in your jurisdiction.

Yes, if someone knowingly spreads false information that harms your reputation, you may have grounds for a defamation lawsuit. Consult with an attorney to assess the strength of your case.

The legal BAC limit for DUI varies by jurisdiction, but it is typically 0.08% in most states. However, it can be lower for commercial drivers or individuals under the legal drinking age.

In most cases, yes. Employment in the United States is generally at-will, meaning employers can terminate employees for any reason that is not discriminatory or in violation of an employment contract.

Intellectual property can be protected through patents, trademarks, copyrights, and trade secrets. Consult with an intellectual property attorney to determine the best strategy for your specific situation.

The process for filing for bankruptcy involves gathering financial information, completing necessary forms, attending credit counseling, and filing the appropriate paperwork with the bankruptcy court. It is advisable to consult with a bankruptcy attorney for guidance throughout the process.

If a healthcare professional’s negligence or failure to meet the standard of care causes injury or harm, you may have grounds for a medical malpractice lawsuit. Consult with a medical malpractice attorney to evaluate the merits of your case.

When arrested, you have the right to remain silent, the right to an attorney, and the right to be informed of the charges against you. It is crucial to exercise these rights and consult with an attorney before providing any statements to law enforcement.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 17th April 2024.

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