If the buyer's or seller's bank stamps its name, date and signature on the face of a draft, it becomes a bankers' acceptance.
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Q19: Under Article 48 of the UCP, a
Q20: The commercial invoice, bill of lading, and
Q21: A bank may honor a letter of
Q22: A banker's acceptance can be discounted and
Q23: The Bill of Exchange Act governs drafts/bills
Q25: If a bank discovers a discrepancy in
Q26: International demand guarantees are governed by the
Q27: If bank discounts a draft without recourse
Q28: The Agency for International Development (AID) is
Q29: The party applying for a letter of
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