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Determine the Amount the Exporter Will Receive If He Discounts

question 18

Essay

Determine the amount the exporter will receive if he discounts the B/A with the importer's bank.

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Definitions:

Negligent Person

An individual who fails to take reasonable care, resulting in harm or injury to another person or to property.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Informed Consent

A process in which a participant is fully educated about the key facts of a matter before agreeing or participating in it.

Legal Meaning

The interpretation or significance given to a word, phrase, or action within the context of the law.

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