Which of the Following Can Be Modified by the Bank

question 89

Multiple Choice

Which of the following can be modified by the bank issuing the letter of credit without obtaining the approval of either the exporter or importer?

• A) Revocable letter of credit
• B) Confirmed letter of credit
• C) Bill of lading
• D) Irrevocable letter of credit

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Definitions:

Civil Liberties

The rights and freedoms that protect an individual from arbitrary government interference, such as freedom of speech and privacy.

Brandeis

Refers to Louis Brandeis, an American lawyer and Associate Justice on the Supreme Court of the United States from 1916 to 1939, known for his advocacy of privacy and his role in developing the modern concept of free speech.

Fundamentalism

A strict adherence to specific theological doctrines typically in a reaction against modernist theories, often characterized by a literal interpretation of religious texts.

Pluralism

A political philosophy or system that recognizes and affirms diversity within a political body, allowing for the peaceful coexistence of different interests, convictions, and lifestyles.