19 Part Six: Case Analysis. (12 Points) A contract for sale of lights was established, in which a L/C was used. The credit required the seller to produce a certificate of inspection, along with other documents. This was done and the issuing bank paid against them. The bank then sought reimbursement but the buyer refused, contending that there should have been an inspection to make sure that the lights were working. It should be noted that the certificate of electrical inspection was required by the contract but not specified in the L/C. Question: 1. Can the bank seek reimbursement from the buyer? 2. How to solve the problem between the seller and the buyer? 19 Part Six: Case Analysis. (12 Points) A contract for sale of lights was established, in which a L/C was used. The credit required the seller to produce a certificate of inspection, along with other documents. This was done and the issuing bank paid against them. The bank then sought reimbursement but the buyer refused, contending that there should have been an inspection to make sure that the lights were working. It should be noted that the certificate of electrical inspection was required by the contract but not specified in the L/C. Question: 1. Can the bank seek reimbursement from the buyer? 2. How to solve the problem between the seller and the buyer