Multiple Choice
A ________ is a document that is issued by a bank on behalf of a buyer who purchases goods on credit from a seller that guarantees that if the buyer does not pay for the goods, then the bank will pay the seller.
A) remittance advice
B) certified check
C) cashier's check
D) letter of credit
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The common law of contract allows for
Q3: The _ requires all contracts for the
Q4: Every state except Louisiana has enacted the
Q5: Which of the following acceptances is allowed
Q6: Kimberley, a merchant-seller in Kansas, had an
Q8: Modification to a sales or lease contract
Q9: Under the UCC, an agreement sufficient to
Q10: Course of performance between the parties is
Q11: Shipment of the original offer to a
Q12: In which of the following situations involving