In the Event That a Discrepancy Is Found in the Documents

question 46

Multiple Choice

In the event that a discrepancy is found in the documents presented under a letter of credit,the bank may request a waiver or:

• A) Resubmit the draft.
• B) Void the transaction.
• C) Refuse delivery.
• D) Refuse to pay against documents.

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Definitions:

Cognitive Epiphanies

Sudden and profound moments of realization or understanding that can significantly alter one's perspective or beliefs.

Positive Institution

Organizations or societal structures that promote the well-being of individuals and communities, fostering positive development and interactions.

Religious Institutions

Organizations based on beliefs in and worship of a superhuman controlling power, especially a personal God or gods, providing community, moral guidance, and rituals.

Positive Institutions

Those organizations that cultivate civic virtues, encouraging people to behave like good citizens while promoting the collective good.