If the Issuing Bank Accepts Documents That Contain a Discrepancy,the

question 31

True/False

If the issuing bank accepts documents that contain a discrepancy,the bank cannot seek reimbursement from the account party,its customer.

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Definitions:

Constraining

The act of limiting or restricting some process or activity.

Management Function

This involves the processes and activities of planning, organizing, leading, and controlling an organization to achieve its objectives.

Establishing Objectives

The process of defining specific, measurable goals that a company or individual plans to achieve.

Planning

The process of setting objectives and determining how to accomplish them.