Examlex
Which is not a type of letter of credit?
Unenforceable Contract
A contract that cannot be upheld by a court because of some rule of law.
Complete Contract
A contract that outlines all the relevant and necessary conditions and terms of the agreement between parties for a particular transaction or arrangement.
Privity
Privity refers to a close, direct, or successive relationship between two parties, especially one recognized by law, such as between lessor and lessee or between buyer and seller.
Tangible Stake
A concrete or physical interest, investment, or asset in a project or outcome.
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