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An Agreement or Assurance by the Bank of a Buyer

Question 264

Multiple Choice

An agreement or assurance by the bank of a buyer to pay a specified amount to the seller upon receipt of certain documents that prove that the goods have been shipped and that contractual obligations of the seller have been fulfilled is known as a(n) :


A) letter of obligation
B) assurance of payment letter
C) letter of confirmation
D) letter of payment
E) none of the other choices are correct

Correct Answer:

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