menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Business Law
  4. Exam
    Exam 7: Bank Collections and Letters of Credit
  5. Question
    If the Issuing Bank Accepts Documents That Contain a Discrepancy,the
Solved

If the Issuing Bank Accepts Documents That Contain a Discrepancy,the

Question 31

Question 31

True/False

If the issuing bank accepts documents that contain a discrepancy,the bank cannot seek reimbursement from the account party,its customer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: The internationally accepted body of rules pertaining

Q27: Under the UCP,banks are responsible for the

Q28: The type of letter of credit that

Q29: A holder in due course,as defined by

Q30: Global MegaBank (GMB)issued an irrevocable letter of

Q32: The type of letter of credit issued

Q33: In the event that a discrepancy is

Q34: Seller receives a letter of credit from

Q35: A Bill of Exchange is a specialized

Q36: A holder of a negotiable instrument cannot

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines