Question
Wichita Exporting Company from the previous question made a shipment to the East Asia Importing Company. The payment was arranged using a letter of credit
Wichita Exporting Company from the previous question made a shipment to the East Asia Importing Company. The payment was arranged using a letter of credit arranged by South Korean National Bank, and Wichita Exporting documented that it shipped the goods on a ship that left from California. East Asia Importing Company claims it cannot make the payment because corruption and mismanagement by the former CEO pushed the company into bankruptcy. Who, if anyone, is responsible for making the payment to Wichita Exporting Company?
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
