menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Business Law
  4. Exam
    Exam 12: Financing
  5. Question
    In a ________ Letter of Credit, a Credit Is Obtained
Solved

In a ________ Letter of Credit, a Credit Is Obtained

Question 63

Question 63

Multiple Choice

In a ________ letter of credit, a credit is obtained by a seller naming the buyer as the beneficiary.


A) standby
B) red clause
C) revolving
D) transferable

Correct Answer:

verifed

Verified

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

Related Questions

Q58: Common law differs from the Uniform Law

Q59: All restrictive endorsements prevent the further transfer

Q60: _ is a type of countertrade in

Q61: In which of the following cases can

Q62: The Uniform Law on Bills of Exchange

Q64: The laws in the United States allow

Q65: With regard to the form requirements for

Q66: Which of the following definitions describes an

Q67: A(n) _ is a written, dated, and

Q68: Which of the following is true of

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