menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 3
  4. Exam
    Exam 11: Nature and Terminology
  5. Question
    A Letter of Credit Is a Type of Formal Contract
Solved

A Letter of Credit Is a Type of Formal Contract

Question 5

Question 5

True/False

A letter of credit is a type of formal contract.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: Promises that are legally binding include<br>A)a promise

Q2: Boca claims that he intended to enter

Q3: When a storm erupts outside Reba's Diner,

Q4: Field Construction Inc. contracts with Mesa Ranch

Q6: Mel agrees to work as a freight

Q7: Any contract that is not in writing

Q8: Contests and lotteries are unilateral contracts.

Q9: Insofar as possible, a reasonable, lawful, and

Q10: A party who confers a benefit on

Q11: Once an offer is made, the offeror

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