A Letter of Credit Is Considered an Informal Contract as It

question 26

True/False

A letter of credit is considered an informal contract as it does not have a special method of creation.

---

Definitions:

Sequencer File

A function or structure within automation software that allows for the storage, management, and retrieval of sequences of data or instructions typically used in industrial control systems.

Output Word

An output word is a digital word or signal that is produced by a computer or processor as a result of its processing and sent to output devices or other systems.

SQO Instruction

The Sequencer Output instruction in PLC programming, used for controlling a sequence of outputs based on the current step in a sequence.

Sequencer File

A file within a PLC that contains a sequence of steps or instructions that dictate the operation or control logic to automate processes.