Fact Pattern 21-B1

question 12

Multiple Choice

Fact Pattern 21-B1
First State Bank issues a letter of credit in favor of Oboe Company,an American firm,to facilitate an international sales contract to buy resources from Lapland Mining,Ltd. ,a Finnish company.
-Refer to Fact Pattern 21-B1.In this letter of credit,the ben?eficiary is

• A)Lapland.
• B)Oboe.
• C)First State Bank.
• D)Finland.

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Definitions:

Drawing Number

A unique identifier assigned to a specific drawing or document within a set of engineering or architectural plans to facilitate easy reference.

Cursive Writing

A style of handwriting where the letters are connected in a flowing manner, often used for faster writing and a unique personal touch.

Title Block

A section of a technical drawing or document that contains vital information such as project name, date, scale, and authorship.

Full Scale

Represents the complete, actual size or extent of an object, without any reduction or enlargement.