All of the below on forfeiting are true EXCEPT: a. The bank-guaranteed promissory notes is sold by
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Question:
All of the below on forfeiting are true EXCEPT:
a.
The bank-guaranteed promissory notes is sold by the exporter at face value
b.
The quality of merchandises delivered is the responsibility of the exporter
c.
The guaranteeing bank assume the commercial and political risks
d.
At the juncture of transaction, the exporter would receive cash payment unconditionally
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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