Letters of credit (L/Cs) obligate payment from the buyer's bank...;a. when the seller presents only the letter of credit to the buyer's bank.;b. only if the L/C is confirmed;c. immediately upon presentation, it is a guarantee of payment from the buyer to the seller through the banking system.;d. only if all terms and conditions listed on the L/C are in order and the other necessary presentation documents are in order.;e. only after the buyer has taken possession of, inspected, and is satisfied with the shipped goods.
Paper#32932 | Written in 18-Jul-2015Price : $27