A Revocable L/C Is Intended to Serve as a Means

question 10

True/False

A revocable L/C is intended to serve as a means of arranging payment but not as a guarantee of payment.

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Definitions:

Chimpanzees

A species of great ape native to Africa, known for their complex social behaviors and intelligence.

Gorillas

Large primates native to Africa, known for their social structure and intelligence, belonging to the species Gorilla, divided into two groups: the eastern and western gorillas.

Locomotion

The ability or act of moving from one place to another, utilized by living organisms to navigate through their environments.

African Apes

A term referring to the group of primates native to Africa, including gorillas, chimpanzees, and bonobos.