Question: 2 0 . A performance guarantee is issued by bank C subject to URDG 7 5 8 for CNY 1 0 0 thousand with a

20.A performance guarantee is issued by bank C subject to URDG 758 for CNY 100 thousand with a condition that only one demand may be made. The beneficiary makes a demand for CNY 70 thousand but Bank C rejects the demand as non complying.
The beneficiary subsequently makes a separate complying demand for CNY 60 thousand. What action must be taken by Bank C?
A.Pay CNY 30 thousand being the balance remaining had the first demand been paid.
B.Pay the second demand in full as complying with the terms of the guarantee
C.Reject the demand as the amount is different to that specifies in the guarantee
Reject the demand as the terms of the guarantee allow only one demand to be paid.

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