The issuer of a letter of credit

Assignment Help Other Subject
Reference no: EM13273498

The issuer of a letter of credit:

is obligated to honor drafts drawn under the letter if the conditions specified in the letter have been met.

has no duty to verify that the papers are properly supported by facts.

has no duty to verify that the underlying transaction has been performed.

all of the above.

Reference no: EM13273498

Questions Cloud

Select the correct expression for keq and description : Choose the correct expression for Keq and description (homogeneous or heterogeneous) for the following reaction: Sn2+(aq) + H2(g)---> Sn(s) + 2 H+(aq)
Which of the following is the most liquid form of savings : Which of the following is the most liquid form of savings?
What is the implied annual rate of interest : If you can double your money in 9 years, what is the implied annual rate of interest, given that compounded semi-annually? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the..
What is the time-averaged power delivered to the speaker : An audio amplifier, represented by the AC source and the resistor R, what is the time-averaged power delivered to the speaker
The issuer of a letter of credit : The issuer of a letter of credit:
Explain what is stray light : What is stray light. How does it affect the performance of the spectrometer? Can one minimize it in the design of a spectrometer.
Calculate the uncertainty in the kinetic energy : A disk with a moment of inertia of 75+1.5 kgm2 rotates at a speed of of 156+5 radians/sec
Use the cf function and solve for npv : Use the CF function and solve for NPV to get the answer. Just enter the number up to 2 decimal points. Do not enter $ in the answer box.
Compute the direction of the electric field : An electromagnetic wave propagates along the +y direction, If the magnetic field at the origin is along the +x direction, what is the direction of the electric field

Reviews

Write a Review

Other Subject Questions & Answers

  Growth of personality in individuals

The following factors influence the development of personality in individuals:

  Process of the trade financing with a letter of credit

Discuss the process of the trade financing with a letter of credit? From an international perspective, what are the two main types of negotiations? What are the disadvantages and advantages for each?

  Similarly provoked but were not previously aroused

If people who have just been aroused by watching rock videos are then insulted, their feelings of anger will be greater than those of people who have been similarly provoked but were not previously aroused.

  Summarizing phineas gages injury

In addition to resources, this job summarizes Phineas Gage's injury to the frontal lobe of his brain, specifically the prefrontal cortex.

  Operate several nuclear power plants within its territory

State X licensed the Glowing Power Company to operate several nuclear power plants within its territory. Despite all due care, an accident occurred at one of those plants and a large cloud of radioactive dust escaped into the atmosphere. That cloud f..

  Customer service quality and quality of recruiting method

Tanglewoods top management is highly committed to improving customer service quality, and proposes that simply finding the cheapest way to hire is not sufficient. Besides costs and retention, what other measures of employee performance would be good ..

  Brief biography of schumann''s life

Please provide a brief biography of Schumann's life. Explain how Schumann influenced the progress of the Romantic period. Listen to Carnival and provide an outline* the music.

  Explain the asian migration hypothesis

Explain the "Asian Migration Hypothesis" as detailed in the text. According to this theory, how did natives gradually spread over the continent in subsequent migrations?

  What is the cpt code for a diagnostic bronchoscopy

What is the cpt code for a diagnostic bronchoscopy is done, with a specimen taken of the mass. The pathology report is positive for carcinoma.

  One goal of mexico in its 1846-1848 war

One goal of Mexico in its 1846-1848 war with the US was to

  New branch school district situation

The New Branch School District operates a fleet of 40 buses that serve approximately 1,000 students in grades K–12. The bus operation involves 30 regular routes, plus special routes for activities, athletic events, and summer sessions. The district e..

  Advantages and disadvantages of social media

How knowing the advantages and disadvantages might alter how a person would use social media.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd