Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HR Hardwood Supply Co, in Canada receives a L/C from his American client for shipment of 23,000 BF of Surfaced Lumber with total amount of

image text in transcribed

HR Hardwood Supply Co, in Canada receives a L/C from his American client for shipment of 23,000 BF of Surfaced Lumber with total amount of USD 60,000. HR ships the product and presents the documents to the bank on time. The bank rejected the documents claiming the invoice presented by HR under this L/C states "Lumber". Is the bank correct, why (UCP600 Article)? * * O No, the bank is not right, Article 14 d Yes, the bank is right, Article 14 e O No, the bank is not right, Article 18 c O Yes, the bank is right, Article 18 c Both a and c Both b and d

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_2

Step: 3

blur-text-image_3

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

Contemporary Issues In Finance

Authors: Simon Grima, Frank Bezzina, Inna Romanova

1st Edition

1786359073, 978-1786359070

More Books

Students also viewed these Finance questions

Question

What can be done to promote primarily positive growth?

Answered: 1 week ago

Question

I need the N , I / y , C / y , p / y , pv , pmt and fv . Thanks

Answered: 1 week ago

Question

Compare the different types of employee separation actions.

Answered: 1 week ago

Question

Assess alternative dispute resolution methods.

Answered: 1 week ago

Question

Distinguish between intrinsic and extrinsic rewards.

Answered: 1 week ago