Solved

Assuming That the General Rules Apply,which of the Following Statements

Question 35

Multiple Choice

Assuming that the general rules apply,which of the following statements is TRUE with respect to letters of credit?


A) Payment is premised upon delivery of the goods in satisfactory condition.
B) They can be used only for international sales.
C) The issue of compliance with the letter of credit is subject to the reasonable person test.
D) They reduce the buyer's risk in an international sale.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents