Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 01, 2024

Under documentary credit, who is obliged to pay the beneficiary an agreed sum of money if the beneficiary complies with the terms and conditions

Under documentary credit, who is obliged to pay the beneficiary an agreed sum of money if the beneficiary complies with the terms and conditions in the documentary credit? Select one answer. The issuing bank The advising bank The remitting bank O The applicant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions

Question

★★★★★

Explain why a decline in investment spending caused by a change in business expectations leads to a fall in consumer spending.

Answered: 1 week ago

Question

★★★★★

Jennifer Halford doesn't understand why some events are recorded as accounting transactions but others are not. Explain.

Answered: 1 week ago

Question

★★★★★

3. In US - Gambling (DS285) what were the findings of the panel on whether the United States prohibition on cross border gambling services was a violation of its market access commitments? What...

Answered: 1 week ago

Question

★★★★★

2. Define estimator and system variables, and provide examples of each.

Answered: 1 week ago

Question

★★★★★

Baker and Klatt (BK) is a law firm that gets a large portion of its revenue from corporate clients. In Year 2, BKs billable hours for corporate clients were up 20 percent from Year 1 levels, but, as...

Answered: 1 week ago

Question

★★★★★

Hemoglobin carries oxygen and carbon dioxide throughout the body. The oxygen saturation curve for hemoglobin ( Fraction or percentage of hemoglobin that is saturated ) can be approximated using the...

Answered: 1 week ago

Question

★★★★★

There are n chocolates and the weight of the chocolates is given as an array of integers weights/n, where weights] denote the weight of the chocolate. Every day, one can pick one chocolate, eat half...

Answered: 1 week ago

Question

★★★★★

PLS FOLLOW ALL THE SOLUTION FORMAT. I NEED GRAPHS ALONGSIDE THE SOLUTIONS. DO NOT GIVE ME ANSWERS FROM AI, I WILL JUST DOWNVOTE. HANDWRITTEN THEN BOX THE FINAL ANSWERS. PLS WRITE LEGIBLY INSTRUCTION:...

Answered: 1 week ago

Question

★★★★★

Problem 11. The shares of Microsoft were trading on Nasdaq on January 1 at $41. A Swedish investor purchased 100 shares of Microsoft at that price. The Swedish kroner to dollar exchange rate then was...

Answered: 1 week ago

Question

★★★★★

In the commercial section of the newspaper you come across an ad for a pizza delivery business for sale. upon inquiry, you discover that the owner , who wants to sell the business and then retire,...

Answered: 1 week ago

Question

★★★★★

An applied researcher is developing a new measure of organizational commitment for a study. In order to compare it to an existing measure of organizational commitment, the researcher would compute a...

Answered: 1 week ago

Question

★★★★★

7.5 A large lot of manufactured items contains 10% with exactly one defect, 5% with more than one defect, and the remainder with no defects. Ten items are randomly selected from this lot for sale. If...

Answered: 1 week ago

Question

★★★★★

A composite wall of a furnace has 3 layers of equal thickness having thermal conductivities in the ratio of 1:2:4. What will be the temperature drop ratio across the three respective layers? A. 12:4...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is true regarding an organization's inventory valuation1? A. The valuation will be incorrect it the inventory includes goods m transit shipped free on board (FOB)...

Answered: 1 week ago

Question

★★★★★

3M Company reports the following financial statement amounts in its 10-K report: a. Compute the receivables, inventory, and PPE turnover ratios for both 2018 and 2017. (Receivables turnover and...

Answered: 1 week ago

Question

★★★★★

Go to www.edx.org, the website for edX, a MOOC provider that offers interactive online courses. Scroll on About and click on How It Works. Watch the video and review the demo course. How is edX using...

Answered: 1 week ago

Question

★★★★★

Go to https://www.redcross.org/take-a-class/preview-kits/first-aid-cpr-aed/blended-learning, which provides an overview of how the American Red Cross uses a blended learning approach in its courses....

Answered: 1 week ago

Question

★★★★★

Go to www.mzinga.com. Mzinga provides software solutions for learning. Under Products, review Omni Social Learning. Do you believe that these solutions are effective? Why?

Answered: 1 week ago

Previous Question Next Question