Which of the Following Is True About Documentary Letter of Credit

question 88

Multiple Choice

Which of the following is true about documentary letter of credit as a method of payment?

• A) It requires the buyer to pay the face amount either on sight or on a specified date in the future.
• B) It involves the use of a draft, drawn by the seller on the buyer.
• C) It represents the bank's guarantee to pay the seller, provided that the conditions specified in it are fulfilled.
• D) It is the ideal method of payment because a company has immediate use of the money.
• E) It involves wire transfers or the acceptance of credit cards.

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Definitions:

Vertebrae

The series of small bones forming the backbone, in humans being 33 in number and providing support and flexibility.

Sacral

Relating to the sacrum, a large, triangular bone at the base of the spine that forms by the fusion of vertebral bones.

Coccygeal

Pertaining to the coccyx, the tailbone at the base of the vertebral column.

Radiation Therapy

A treatment for cancer and other diseases, using high-energy radiation to kill or damage cancer cells and shrink tumors.