Which of the following is an example of an improper payment?
A) A payment made after a letter of credit has expired.
B) A payment made in excess of the amount authorized by the letter of credit.
C) Both a.and b.are improper payments.
D) Neither a.nor b.are improper payments.
Correct Answer:
Verified
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Q47: The issuer of a letter of credit:
A)
Q48: A letter of credit:
A) cannot last for
Q49: A letter of credit:
A) is an advance
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Q51: Which of the following is not a
Q52: Bailment given as security for the payment
Q52: An agreement under which one party agrees
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