Under a Letter of Credit,the Issuer Is Bound to Pay

question 34

True/False

Under a letter of credit,the issuer is bound to pay the beneficiary after the beneficiary complies with the terms of the letter.

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Definitions:

Hierarchical Structure

An organizational structure where entities are ranked one above the other based on their level of authority or importance.

Phonemes

The smallest units of sound in a language that are capable of conveying a distinct meaning.

Single Phoneme

The smallest unit of sound in a language that can distinguish one word from another.

Ed

An abbreviation often used for education, referring to the process of teaching, training, or learning to improve knowledge and develop skills.