The court states that the whole purpose of a letter of credit would be defeated by examining

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The court states that “the whole purpose of a letter of credit would be defeated by examining the merits of the underlying contract.” What does that mean?

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Introduction To Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

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Question Posted: Jan 18, 2012 07:24 AM

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The court states that the whole purpose of a letter of credit would be defeated by examining

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The whole point of an LOC is to assure the seller that ...View the full answer

Introduction To Business Law

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