Fact Pattern 9-1
First State Bank issues a letter of credit in favor of Whirlwind Instruments Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.
-Refer to Fact Pattern 9-1. In a letter of credit, the beneficiary is

Question

Fact Pattern 9-1 
First State Bank issues a letter of credit in favor of Whirlwind Instruments Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.
-Refer to Fact Pattern 9-1. In a letter of credit, the beneficiary is

Quizplus · Accepted Answer

The Answer of Fact Pattern 9-1 
First State Bank issues a letter of credit in favor of Whirlwind Instruments Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.
-Refer to Fact Pattern 9-1. In a letter of credit, the beneficiary is