Consideration Is Not Required to Establish or Modify a Letter

question 3

True/False

Consideration is not required to establish or modify a letter of credit.

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Definitions:

Articular Cartilage

A smooth, white tissue that covers the ends of bones where they come together to form joints, reducing friction and absorbing shock.

Fibrous Capsule

A dense tissue layer that surrounds certain organs, providing support and protection.

Fibrocartilage Disks

Tough, fibrous cartilage structures found in joints, acting as cushions to prevent bone-to-bone contact.

Menisci

Crescent-shaped cartilaginous structures in the knee joint that distribute weight and reduce friction during movement.