Which of the Following Is (Are)true Concerning the UCP

Multiple Choice

Which of the following is (are) true concerning the UCP?

A) The UCP is a standardized set of rules in virtually all nations.
B) Because the UCP was drafted by the ICC and is recognized in most states, it automatically governs international letters of credit.
C) The UCP will govern a letter of credit only if its provisions are incorporated into the letter of credit by reference.
D) None of these are correct.