In the Letter of credit, all the parties deal in:

In the Letter of credit, all the parties deal in:
[A]Goods
[B]Services
[C]Documents
[D]Goods & Services

Documents
A letter of credit is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met. In it all parties deal in documents. The types of letter of credit are commercial, standby, revocable, irrevocable, etc. A letter of credit is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met. In it all parties deal in documents.

Categories:

Advertisement

Comments