Please select correct answer

. Forward contracts are the best option to obtain the best value of currency in an

international commercial transaction.

A. Wrong.

B. Right.

C. Depends on the will of the parties.

D. Yes, it allows the parties to modify the terms of the contracts to obtain the

best value.

Standby Letter is a method of payment for importing and exporting goods?

A. Right.

B. Wrong.

C. Depends on the will of the parties.

D. Yes, it is the same as a letter of credit.

UCP 600 are recognized as having legal effect.

A. Yes, UCP 600 govern the relationship between the parties regardless of their

will.

B. No, UCP 600 govern the relationship if the parties agree to it.

C. Yes, it depends on what the arbitrator or judge decides.

D. Yes, but only if the UCP 600 have been transplanted into the domestic law

of any of the parties to the contract.