Question: The rule that usually prevails for imterpeting documeris that are submicted to a bank for payment under a letter of credit is cornmonly called the

The rule that usually prevails for imterpeting documeris that are submicted to a bank for payment under a letter of credit is cornmonly called the
good faith rule
reasorable compliance rule
strict compliance rule
holder in due course rule.
 The rule that usually prevails for imterpeting documeris that are submicted

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!