Question
In the context of methods of payment in international business, unlike cash in advance, a commercial letter of credit: a is not a safe method
In the context of methods of payment in international business, unlike cash in advance, a commercial letter of credit:
a is not a safe method of payment for an importer.
b does not transfer ownership of goods to an importer.
c is a safer method of payment for an exporter.
d provides a level of protection to both the exporter and the importer.
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Business Law and the Legal Environment
Authors: Jeffrey F. Beatty, Susan S. Samuelson
5th edition
324663525, 324663528, 1133587496, 978-1133587491
