Question
The seller has presented the documents correctly, but the buyer is not paying the draft in a documentary collection (dc) transaction. If payment isn't
The seller has presented the documents correctly, but the buyer is not paying the draft in a documentary collection (dc) transaction. If payment isn't forthcoming the bank is responsible to: Remit payment and debit the buyers account Advise the buyer and remit payment to the seller Advise the buyer that they must pay within 30 days Consult URC522 to determine what to do
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
