Question
GS made a presentation on Monday 28 June to the Bank of Japan. The credit instructions described the goods as complete store to POS units
GS made a presentation on Monday 28 June to the Bank of Japan. The credit instructions described the goods as "complete store to POS units (incl. components: FC4555, FC8900; FCA9999)". The commercial invoice and bill of lading presented by GS on 28 June describe the goods as "store to point of sale units". The Monday after its presentation, GS received an email from the Bank of Japan stating: 'presentation rejected for non-complying documentation. Documents retained awaiting instructions from FEDBANK/AKEI Ltd.'
(a) Explain why the bank likely rejected the presentation. Do you agree that these are grounds for rejection? Are there any other grounds for rejection?
(b) Has the bank provided sufficient notice of rejection?
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
9780273688761
