What signifies the Revocable Letter of Credit? A. It is a non-flexible financial instrument and no part

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What signifies the Revocable Letter of Credit?

A. It is a non-flexible financial instrument and no part of information therein can be changed

B. This financial instrument is a government capital bond and need to be presented to the Federal bank for payment.

C. It is a flexible financial instrument in which date, values, and place of payments can be changed by either exporter or importer.

D. It is a non-bankable and non-negotiable instrument.

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Jan 02, 2024 12:43 AM

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What signifies the Revocable Letter of Credit? A. It is a non-flexible financial instrument and no part

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The detailed answer for the above question is provided below The correct answer is C It is a flexibl... View the full answer

Smith and Roberson Business Law

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