Details of this Paper

An irrevocable letter of credit

Description

solution


Question

An irrevocable letter of credit (L/C);a. guarantees payment once it is issued, regardless of performance by either party.;b. assures payment to the seller if there are no discrepancies on the documents.;c. is based on the credit worthiness of the buyer.;d. is not often used in international trade because it does not reduce payment risk.;e. only benefits the buyer.

 

Paper#34610 | Written in 18-Jul-2015

Price : $22
SiteLock