1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anastaziya [24]
3 years ago
15

Suppose that an issuing bank pays on documents that are conforming to the requirements of the letter of credit, but the seller h

as shipped worthless goods to the buyer. Which of the following statements, if any, are true?
a) As long as the documents strickly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
b) If there is fraud in the transaction, the bank will have to reinburse the buyer and seek its remedies against the seller
c) The strick compliance insulates the bank from liability, since it assures the bank that the underlying contract between the buyer and seller is entirely independent from the letter of credit contract
d) A and B
Business
1 answer:
AleksAgata [21]3 years ago
6 0

Answer:

a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer

Explanation:

A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods

Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case,  the bank would not reimburse the buyer.

Therefore the correct option is A.

You might be interested in
What words come to mind, both positive and negative, when you think about budgeting?
Svetlanka [38]

Answer:

Positive:

-Managing money

-Saves money for other things

Negative:

-May be hard to budget if you need a lot

Hope this helps! These are just what come to mind in my opinion.

4 0
2 years ago
You are the public relations director of a nonprofit hospital in a competitive market in a midsized city located in a metro area
makvit [3.9K]

Answer:

HIV AIDS is contagious disease. It is responsibility of the healthcare professionals to handle the person with special care. This virus spread quickly in the body of the victim and the person is often unaware of the disease due to very mild or no symptoms.

Explanation:

To: CEO

Park lane Hospital

Central London,

09 - 06 -2021.

Respected Sir,

It is to bring into your knowledge about the spread of HIV/AIDS in the city. The people are unaware about the disease spread and those infected are carrying disease to others. There should be campaign run by the hospital to inform people about the spread of this contagious disease and preventions measures.

There should also be special arrangement for the people infected by the disease to stay and live in a separate house so the spread can be stopped.  The hospital can allow people with symptoms for a free checkup so that more people can come and have their routine checkup.

It is high time because if the spread will increase at the same rate then controlling the disease would become difficult.

Regards,

John Andrews.

7 0
2 years ago
What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and
valentinak56 [21]

Answer:

Present Value = $9,417.69  (Approx)

Explanation:

Given:

Annual payment = $1,400

Total payments = 25

Rate = 8% = 0.08

Computation:

First payment [7 years from now ]

So,

Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08

Present Value = $1,400[6.72692]

Present Value = $9,417.69  (Approx)

5 0
2 years ago
If you are holding a premium bond, you must expect a _______ each year until maturity. If you are holding a discount bond, you m
prisoha [69]

Answer:

i dont know lol hahhahahhah

Explanation:

5 0
2 years ago
What are some ways to make a higher education more affordable?
Maru [420]

Answer:

Income Share Agreements

Three-year degree programs

Partnerships

Freezing Tuition

Tuition Reset

Community College

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • Which one of the following statements about protective tariffs is correct?
    14·1 answer
  • The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
    9·1 answer
  • self-employed cash basis taxpayer, took out a loan to use in her business. The loan principal is to be repaid on November 30 of
    6·1 answer
  • It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. Consider a cu
    14·1 answer
  • The KEYS to professional excellence in interpersonal communication include all of the following EXCEPT
    10·1 answer
  • Which of the following statements are correct concerning yield-to-maturity (YTM)?
    11·1 answer
  • Barker Company paid cash to purchase two identical inventory items. The first purchase cost $18.00 cash and the second cost $20.
    7·1 answer
  • Cloud Storage Solutions works closely with customers showing them early versions of its software and interface and then quickly
    10·1 answer
  • What is a speech given to another person or group of people to present information or research about a topic?
    15·2 answers
  • To improve its standard of living, a nation’s economy must _____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!