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ACME Inc. a Canadian exporter of different car parts has negotiated a deal with Sapporo Motor Performance an American retailer of high-performance car accessories. Sapporo
ACME Inc. a Canadian exporter of different car parts has negotiated a deal with Sapporo Motor Performance an American retailer of high-performance car accessories. Sapporo Motors has experienced some challenges in maintaining its creditworthiness and as a result ACME is worried about being paid. Name and describe two of the possible three Standby Letters of Credit that could address the concerns of ACME.
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