Which of the Following Is NOT True Regarding a Letter

question 34

Multiple Choice

Which of the following is NOT true regarding a letter of credit?

• A) The importer and exporter agree on a transaction.
• B) The importer applies to its local bank for the issuance of a letter of credit.
• C) The exporter applies to its local bank for the issuance of a letter of credit.
• D) The importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer.

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Definitions:

Paralysis

The loss of the ability to move (and sometimes to feel anything) in part or most of the body, typically as a result of illness, poison, or injury.

Diabetes

A chronic condition characterized by high levels of sugar in the blood, resulting from the body's inability to produce or use insulin effectively.

Graves' Disease

An autoimmune disorder that leads to hyperthyroidism and is characterized by the overproduction of thyroid hormones.

Skin Infection

An invasion and multiplication of pathogenic microorganisms in the skin, resulting in damage or disease.