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According to the Supreme Court of Canada's decision in the Bank of Nova Scotia v. Angelica Whitewear Ltd. (Supreme Court of Canada, 1987) case, when
According to the Supreme Court of Canada's decision in the Bank of Nova Scotia v. Angelica Whitewear Ltd. (Supreme Court of Canada, 1987) case, when can a bank refuse payment under a Letter of Credit? If there is evidence of fraud in the transaction. None of the options. If the bank suspects a discrepancy in the underlying goods or services. If the documents do not strictly comply with the terms of the credit. If the documents do not strictly comply with the terms of the credit, and If there is evidence of fraud in the transaction, only
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