Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 19, 2024

In collection transaction, once the buyer refuses to make payment and rejects the goods, (. ) has/have NO responsibility for the discharge, customs clearance, transportation

In collection transaction, once the buyer refuses to make payment and rejects the goods, (. ) has/have NO responsibility for the discharge, customs clearance, transportation and warehousing of the goods.

A. principal B drawee. C. remitting bank. D. all parties

Which one is the right answer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

International Finance Transactions Policy And Regulation

Authors: Hal Scott, Anna Gelpern

20th Edition

1609303164, 978-1609303167

More Books

Students also viewed these Finance questions

Question

★★★★★

Swartentruber Company has a stock portfolio valued at $4,000. Its cost was $3,500. If the Securities Fair Value Adjustment (Available-for-Sale) account has a debit balance of $200, prepare the...

Answered: 1 week ago

Question

★★★★★

All the following are true for absorption costing, except O is also known as standard costing. O is used for GAAP reporting purposes. O treats fixed manufacturing overhead as a period cost. O is used...

Answered: 1 week ago

Question

★★★★★

describe why abnormal work hours can constitute a health risk;

Answered: 1 week ago

Question

★★★★★

In The Effect of Nozzle Design on the Stability and Performance of Turbulent Water Jets (Fire Safety Journal, Vol. 4, August 1981), C. Theobald describes an experiment in which a shape measurement...

Answered: 1 week ago

Question

★★★★★

Chaz Corporation has taxable income in 2023 of $1,312,500 for purposes of computing the $179 expense and acquired the following assets during the year: What is the maximum total depreciation...

Answered: 1 week ago

Question

★★★★★

Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $7.200 at the end of ten years. Using the...

Answered: 1 week ago

Question

★★★★★

Overview You are an accountant for the Crestview Financial Services firm. You have been examining financial statements for a client called LMS Manufacturing Corporation. You recently discovered key...

Answered: 1 week ago

Question

★★★★★

Figuring out how to frame things comes from asking yourself the question, firm grasp of the obvious is something that great negotiators are able to do. O "What is really going on here?" O "Has your...

Answered: 1 week ago

Question

★★★★★

Which one of the following depends on the risk control function to provide a clear profile of the applicant's loss exposures and related hazards? Available answer options Select only one option A...

Answered: 1 week ago

Question

★★★★★

If Neon Lights, LLC has gross receipts of $25 million for the taxable year, they will not be considered an SSTB if less than what percentage of their gross receipts are attributable to an SSTB...

Answered: 1 week ago

Question

★★★★★

The CFO of Spotify Inc. has summarized its free cash flows for the next three years in the following table. The cash flows are expected to grow at a constant growth rate 2.00% afterwards. The company...

Answered: 1 week ago

Question

★★★★★

11.5 Describe the grievance procedure in a union environment.

Answered: 1 week ago

Question

★★★★★

11.6 Explain union decertification.

Answered: 1 week ago

Question

★★★★★

Larry Browning, Alf Saetre, Keri Stephens, and Jan-Oddvar Sornes (2008) present stories of the ways personal and social media facilitate and hinder work in a range of organizations. Their book shows...

Answered: 1 week ago

Previous Question Next Question