Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

:Cell - Antenna International ( CAl ) , a Japanese cellular antenna manufacturer has received a large order to manufacture and install cell phone antennas

:Cell-Antenna International (CAl), a Japanese cellular antenna manufacturer has received a large order to manufacture and install cell phone antennas in the Iraqi city of Baghdad. Thecontract is valued at JPY 10M and will be paid by the buyer in the currency of the contract. CAl does not have any strategic partners it can leverage to ensure a successful installation of theantennas. Although the country's political situation has raised significant concerns on the completion of the contract, the Executive Vice President signed this contract to help CAl diversifyits market reach.In every contract, CAl seeks a 25% advance payment which is non-refundable in case the buyer cancels the contract soon after signature. While negotiating with the buyer, CAl had to removethe "non-refundable" clause. Which of the following could CAl request from the buyer to help warrant the advance payment it will need to pay?
A) Letter of guaranteeB) Documentary letter of credit at sightC) Red clause letter of creditD) Confirmed letter of guarantee

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions