True/False
Under the UCP,banks are responsible for the consequences of delay or loss in transit of any messages,credits,or documents,or for errors of any telecommunication.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: Letters of credit is a revocable commitment
Q23: The SWIFT System is an electronic network
Q24: Bills of exchange are governed in the
Q25: Compare and contrast O'Meara with Sztejn.
Q26: The internationally accepted body of rules pertaining
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
Q31: If the issuing bank accepts documents that
Q32: The type of letter of credit issued