Assuming That the General Rules Apply,which of the Following Statements

question 37

Multiple Choice

Assuming that the general rules apply,which of the following statements is TRUE with respect to letters of credit?

• A) Payment is premised upon delivery of the goods in satisfactory condition.
• B) They can be used only for international sales.
• C) The issue of compliance with the letter of credit is subject to the reasonable person test.
• D) They reduce the buyer's risk in an international sale.
• E) None of the above.

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Definitions:

Technological

Relating to or involving technology, especially in regard to its development, implementation, and impact on society.

Informed Judgment Forecasts

Predictions about future events, trends, or behaviors made by experts using their knowledge and experience.

Generally Unreliable

Characterizes information or sources that often fail to provide accurate or dependable results or outcomes.

Fast And Inexpensive

Describes a process, solution, or service that requires minimal time and financial investment to accomplish or acquire.