Which of the following exemplifies the type of financing agreement that would contain conditions relating to the provision of,among other things,an invoice,shipping receipt,and proof of insurance?

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A letter of credit is a financing agreement that involves a bank issuing a letter of credit to a seller on behalf of a buyer. The conditions of the letter of credit typically require the seller to provide certain documents, such as an invoice, shipping receipt, and proof of insurance, before payment is made. This ensures that the buyer receives the goods they paid for and the seller receives payment for the goods they shipped.

Which of the Following Exemplifies the Type of Financing Agreement