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Where there is payment to be made under letter of credit, should a bank be allowed to lower a price on the instructions of a
Where there is payment to be made under letter of credit, should a bank be allowed to lower a price on the instructions of a buyer if something goes wrong with the goods under the contract of sale of goods?If yes, why; if not, why not?Please support your arguments by relevant provisions of the UCP600 rules and also by the relevant case law.
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