In L/C transactions, release of the cargo to the buyer is controlled by 1) the bank draft

Fantastic news! We've Found the answer you've been seeking!

Question:

In L/C transactions, release of the cargo to the buyer is controlled by

1) the bank draft

2) the commercial invoice

3) the bill of exchange

4) the bill of lading

Related Book For answer-question

International Business Law and Its Environment

ISBN: 978-1285427041

9th edition

Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge

See More Books

Posted Date: Nov 14, 2023 06:58 AM

See More Questions

The customer billing and cash receipts functions of Robinson Company Ltd, a small paint manufacturer, are attended to by a receptionist, an accounts receivable clerk, and a cashier who also serves as...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Banque de Depots, a Swiss bank, brought an action against Bozel, a Brazilian exporter, seeking a money judgment because Bozel had allegedly misapplied the banks funds. The bank obtained an order...
Generics, Inc. is a U. S. GAAP reporter that manufactures and sells generic drugs and has a December 31 year-end. On March 1, 2014, it began selling a drug, Anocyn, which is a generic of Dicital....
For the data set (a) Construct a correlation matrix between x1, x2, x3, and y. Is there any evidence that multicollinearity exists? Why? (b) Determine the multiple regression line with x1, x2, and x3...
Presented below is financial information related to the 2017 operations of Sea Legs Cruise Company. Maintenance and repairs expense ....... $ 95,000 Utilities expense ............... 13,000 Salaries...
The risk of incorrect acceptance relates to the: a. Effectiveness of the audit. b. Efficiency of the audit. c. Preliminary estimate of materiality. d. Allowable risk of tolerable error. Choose the...
Athena Company has two divisions. Spartan Division, which has an investment base of $8,400,000, produces and sells 450,000 units of a product at a market price of $28 per unit. Its variable costs...
Preparation of Page One of Form 1120 Complete the header section to include company information, with no errors. Consider the following as you fill out this section of the form: Significance of the...
Amherst Networking Systems adjusts and closes its books and then prepares financial statements monthly. Amherst uses the perpetual inventory system and all sales on credit have terms of n/30. The...
Answer and Give a situational example to your answer to the following: 1. Give one significance of managing credit cards wisely? 2. Why is there a need to manage property and liability risk?
A trader of an investment bank has sold a put option on the S&P 500 issued on 2021-04-01. Therefore, he must price and delta-hedge his short position in the put. The option has strike K = $3,000 and...
Use the data for BT to calculate the latest values of the: a. Bollinger Bands b. Stochastic Oscillator Hint: Bollinger Bands use 20 days of data, Stochastic Oscillator uses 14 days.
An economy is described by the standard Solow model without technological progress and without population growth. You are given the information that the savings rate dropped to a lower level in this...
Below is the balance sheet of Tom Ltd. Required: construct the Retained Earnings account to calculate the dividend amount. Any additional information are given as a notes below. B ea c h Ltd S...
The following pertains to Addison Corporation: Additional Information for Addison (all 2019 activities): Net Income for 2019 = $65,000 2019 Depreciation Expense = $40,000 Additional equipment...
My car has a mass of 4000kg with center of gravity at G. The coefficient of static friction between the boat and the ground is = 0.25 and between the rear wheel of car and ground = 0.95. The front...
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
Two teenagers residing in North Carolina were fatally injured when the bus upon which they were riding overturned on a roadway outside of Paris, France. The parents of the decedents brought a lawsuit...
Assume the United States and Japan are unable to resolve a trade war over trade in automobiles and auto parts. Acting unilaterally, the United States imposes punishingly high tariffs of 100 percent...
Despite the Montreal Protocol, the nation of Livy continues to produce CFC-emitting refrigerators and to export them to nations throughout the world. A number of governments object to Livys practices...
A car rental agency uses 96 boxes of staples a year. The boxes cost $$4$ each. It costs $$10$ to order staples, and it costs $$0.80$ to hold a box of staples in inventory for 1 year. Using the...
Is the critical path the shortest or longest path through a project network?
PERT assumes that path lengths through a network can be modeled with what type of probability distribution?

In L/C transactions, release of the cargo to the buyer is controlled by 1) the bank draft

Question:

Expert Answer:

The detailed answer for the above question is provided below In LC Letter of Credit transactions the ... View the full answer

International Business Law and Its Environment

Students also viewed these accounting questions