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the issuer of a letter of credit: (check all that apply) is obligated to honor drafts drawn under the letter if the conditions specified in
the issuer of a letter of credit: (check all that apply)
- is obligated to honor drafts drawn under the letter if the conditions specified in the letter have been met
- has no duty to verify that the papers are properly supported by facts
- has no duty to verify that the underlying transaction has been performed
- must be a foreign bank
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