With which of the following payment mechanisms is it the case that once the seller has accepted the credit,the customer cannot alter or cancel it without the seller's consent?
A) Irrevocable letter of credit
B) Open account
C) Consignment
D) Bank collection time draft
E) Documentary draft

Question

Quizplus · Accepted Answer

With an irrevocable letter of credit, once the seller has accepted the credit, the customer cannot alter or cancel it without the seller's consent.

With Which of the Following Payment Mechanisms Is It the Case