In Which of the Following Forms of Export Financing Does

question 50

Multiple Choice

In which of the following forms of export financing does a bank assume a financial obligation?

• A)with an L\C but not a documentary collection
• B)with a documentary collection but not an L\C
• C)neither an L\C nor a documentary collection requires a bank to assume financial obligation
• D)with either an L\C or a collection letter
• E)with both an L\C and a documentary collection

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Definitions:

Preemptive Rights

Rights that allow existing shareholders to buy additional shares before new shares are offered to the public, thus maintaining their percentage of ownership.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Votes

Formal indications of a choice made from among options or decisions, often used in the context of elections or decision-making processes in organizations.

Revised Model Business Corporation Act

An updated model statue designed to serve as a comprehensive guide for the structuring and governance of corporations in the United States.