Question
If there is a promise in a Letter of Credit by the Issuing Bank to reimburse the Seller's bank for loans made to the Seller,
If there is a promise in a Letter of Credit by the Issuing Bank to reimburse the Seller's bank for loans made to the Seller, this is called a
Group of answer choices
Red Clause in Credit and is unenforceable.
The promise in the Letter of Credit is underlined in RED INK.
Red Clause in Credit and is enforceable.
b and c are both correct answers.
Evergreen Credit
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
