Fact Pattern 22-B1 (Questions B18-B20 Apply)

Multiple Choice

Fact Pattern 22-B1 (Questions B18-B20 apply)
Economy Bank issues a letter of credit in favor of Finish & Refining Company,a U.S.firm,to facilitate an international sales contract to buy resources from Global Mining,Ltd.,a British company.
-Refer to Fact Pattern 22-B1.Economy Bank is bound to

A) make sure that the parties perform the contract.
B) verify with Finish & Refining that the transaction has been completed.
C) make payment when Global Mining presents the proper documents.
D) pay Global Mining whenever it asks to be paid.