According to the new rules drawn by the ICC,all letters of credit are considered _____ unless otherwise stated.
A) irrevocable
B) inconclusive
C) reversible
D) transitional

Question

Quizplus · Accepted Answer

According to the new rules drawn by the ICC, all letters of credit are considered irrevocable unless otherwise stated. This means that once the letter of credit is issued, it cannot be changed or cancelled without the agreement of all parties involved.

According to the New Rules Drawn by the ICC,all Letters