Examlex
Which of the following statements about classes is true?
Letter-of-Credit Transaction
A financial transaction in which a bank guarantees the payment of a buyer's obligations to a seller, provided that the seller meets the specified terms of the sales agreement.
Bill of Lading
A legal document between a shipper and carrier detailing the type, quantity, and destination of goods being shipped.
Contracted-for Shipment
An agreement to transport goods to a specified location under the terms of a contract.
Letter of Credit
A financial document issued by a bank guaranteeing a buyer's payment to a seller within a specified timeframe, providing security in international trade.
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