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.

Learn about theories and models related to aging, mental health, and coping mechanisms.

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Grasp the hierarchical structure of biological classification from domain to species.

Recognize the significance of molecular evidence in the classification and evolutionary study of organisms.

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Definitions:

Violent Prisoners

Inmates who have been convicted for crimes involving violence, demonstrating aggressive and potentially harmful behavior.

Competitive Games

Games designed with rules and objectives that pit players or teams against each other with the aim of achieving victory by outperforming competitors.

Violent Crimes

Offenses involving force or the threat of force against persons, including murder, assault, robbery, and rape.

Global Warming

The long-term rise in Earth's average surface temperature, primarily due to human activities such as burning fossil fuels, which adds heat-trapping gases to the atmosphere.