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5. Answer either question 1 or question 2 below. Do not answer both: 1. (a) Describe the five major methods of payment in international transactions (b) Give a detailed explanation of how payment by Letter of Credit (LC) works. (c) Why might both a seller and a buyer of goods prefer it to other payment arrangements? (d) What supporting documents might be required for an L/C to be paid in the normal course of an international transaction for the international purchase and sale of goods? (15 marks) 2. With respect to the Internet and E-Commerce: (15 marks in total) (a) Discuss some of the risks associated with business conducted over the internet or E-commerce from the perspectives of the consumer/buyer and the manufacturer/seller respectively, and the options available to mitigate these risks. (8 marks) (b) How can the owner of a registered trademark deal with cybersquatting on a URL/domain name consisting of that trademark, to gain control of that URLI domain name? What is the difference between the territorial coverage of a trademark and that of a URL/domain name? (7 marks)