Answer only please because have time limit.

1) The rule that usually prevails for interpreting documents that are submitted to a bank for payment under a letter of credit is commonly called the:

Select one:

a. reasonable compliance rule.

b. good faith rule.

c. holder in due course rule.

d. strict compliance rule.

2) You cannot insure against pure financial loss, such as a loss of profit.

Select one:

a. True

b. False

3) The ______ means that the seller must tender documents which appear to be precisely in accordance with the specifications in the credit.

Select one:

a. principle of autonomy

b. doctrine of strict compliance

c. doctrine of strict liability

d. doctrine of irrevocability

4) A foreign correspondent of issuing bank that advises the beneficiary of letter of credit is known as the issuing bank.

Select one:

a. False

b. True

5) Which of the following are the correct methods of ADR?

Select one:

a. Legislation, Arbitration and Negotiation

b. Arbitration, Negotiation and Mediation

c. Litigation, Arbitration and Mediation

d. Negotiation, Legislation and Mediation