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
    The Risk of Loss Due to the Default of the Buyer
Solved

The Risk of Loss Due to the Default of the Buyer

Question 58

Question 58

Multiple Choice

The risk of loss due to the default of the buyer based on his or her inability to pay is known as:


A) commercial risk.
B) compensatory risk.
C) default risk.
D) currency risk.

Correct Answer:

verifed

Verified

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

Related Questions

Q53: The issuing bank will honor the draft

Q54: When the Seller's bank guarantees payment under

Q55: A red clause in a letter of

Q56: Which of the following is (are)true concerning

Q57: Letters of credit are a bank's promise

Q59: A back-to-back letter of credit is actually

Q60: Which of the following institutions does not

Q61: Under accounts receivable financing,the factor is protected

Q62: Suppose that an issuing bank pays on

Q63: An international draft is an order from

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