Question: A housing developer X is hiring a contractor Y. If X is concerned about the performance of Y and wants to protect its financial interests.

A housing developer X is hiring a contractor Y. If X is concerned about the performance of Y and wants to protect its financial interests. X could do one of the following Multiple Choice O requires Y to obtain a financial guarantee from a burk, buy a performance letter of credit from Y sell a performance letter of credit in Y requires Y to obtain a performance letter of credit from a bank

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