All of the below on forfeiting are true EXCEPT: a. The bank-guaranteed promissory notes is sold by

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All of the below on forfeiting are true EXCEPT:

The bank-guaranteed promissory notes is sold by the exporter at face value

The quality of merchandises delivered is the responsibility of the exporter

The guaranteeing bank assume the commercial and political risks

At the juncture of transaction, the exporter would receive cash payment unconditionally

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International Marketing And Export Management

ISBN: 9781292016924

8th Edition

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

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Posted Date: Feb 11, 2024 06:51 AM

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All of the below on forfeiting are true EXCEPT: a. The bank-guaranteed promissory notes is sold by

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International Marketing And Export Management

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