FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under a confirmed letter of credit, the beneficiary will get paid: Prior to shipment When the opening bank receives original documents, even if there are

  1. Under a confirmed letter of credit, the beneficiary will get paid:
  2. Prior to shipment
  3. When the opening bank receives original documents, even if there are discrepancies
  4. Only after the confirming has received payment from the opening bank
  5. Upon submission of documents to the confirming bank, provided there are no discrepancies

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Tort Law And Alternatives Cases And Materials

Tort Law And Alternatives Cases And Materials

Authors: Marc Franklin, Robert Rabin, Michael Green, Mark Geistfeld, Nora Engstrom

11th Edition

164708489X, 978-1647084899

More Books

Students also viewed these Law questions

Question

★★★★★
Below are several external transactions for Hokies Company. Hokies uses the following accounts: Required: Indicate which accounts should be debited and which should becredited. Account Debited...

Answered: 1 week ago

Question

★★★★★
It is common in sub shops and pizza parlors around the Baruch College campus to find signs that say "Your purchase is free if the clerk does not give you a receipt" or "Two free lunches if your...

Answered: 1 week ago

Question

★★★★★
1.24 Test Scores The test scores on a 100- point test were recorded for 20 students: a. Use an appropriate graph to describe the data. b. Describe the shape and location of the scores. c. Is the...

Answered: 1 week ago

Question

★★★★★
Game-On Sports operates in two distinct segments: athletic equipment and accessories. The income statement for each operating segment is presented below. Required: 1. Complete the % columns to be...

Answered: 1 week ago

Question

★★★★★
Mahn Corporation produces high-quality leather belts. The company uses a standard cost system and has set the following standards for materials and labour: During the year, Mahn produced 92,000...

Answered: 1 week ago

Question

★★★★★
Islim Limited manufactures faux fur coats of all types and sizes that are sold to specialty stores throughout Canada Sales to retailers provide for payment within 60 days of delivery and the retailer...

Answered: 1 week ago

Question

★★★★★
The psychiatric mental health nurse practitioner (PMHNP) may provide psychotherapy to couples, families, and groups using a variety of therapeutic techniques. Locate a brief video (approximately 5...

Answered: 1 week ago

Question

★★★★★
Vanikord Corporation currently has two divisions which had the following operating results for last year: Cork Division Rubber Division Sales $500,200 $399,600 Variable costs 210.060 300.040...

Answered: 1 week ago

Question

★★★★★
1. Identify the fundamentals of Social Computing in business. Describe Enterprise Resource Planning (ERP) systems and the processes supported by them. 2 .Define the importance of Customer...

Answered: 1 week ago

Question

★★★★★
In a nuanced examination hospitality of leadership, what interplays of factors emerge as pivotal in concurrently augmenting employee task performance and mitigating resistance to delegation within...

Answered: 1 week ago

Question

★★★★★
10 The budgeting process usually takes place at the same time as what other process? 1 point Scheduling Production Delivery Procurement

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Idealized system design, analogue thinking, contrast principle, consistency principle, reciprocity principle, scarcity...

Answered: 1 week ago

Question

★★★★★
2. A Soviet invasion of Poland would lead to the severing of diplomatic relations between the United States and the Soviet Union.

Answered: 1 week ago

Question

★★★★★
1. Diplomatic relations between the United States and the Soviet Union would be severed in 1993 than that

Answered: 1 week ago

Previous Question Next Question