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Bull & Cow Corporation, a U

Question 69

Multiple Choice

Bull & Cow Corporation, a U.S. firm, and Carne Ltd., an Italian company, contract for a sale of beef. Under a letter of credit issued by Fiscal Bank to facilitate the deal, Carne promises to


A) reimburse the bank for the amount paid to the seller.
B) ascertain whether the seller delivers as contracted.
C) transmit information and expedite payment.
D) pay the seller when the bank has complied with the terms of the letter.

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