Question: Which statement is true with respect to LC ' s ? Banks examine documents alone and do not deal with the terms of the contract

Which statement is true with respect to LC
'
s
?
Banks examine documents alone and do not deal with the terms of the contract
Banks participate with the buyer in negotiating the terms of the contract
Banks deal with, and ensure the quality of the products before payment to the seller
The seller applies to his
/
her bank to open a letter of credit for payment to the buyer

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