Fact Pattern 21-B1

Multiple Choice

Fact Pattern 21-B1
First State Bank issues a letter of credit in favor of Oboe Company,an American firm,to facilitate an international sales contract to buy resources from Lapland Mining,Ltd. ,a Finnish company.
-Refer to Fact Pattern 21-B1.In this letter of credit,the ben?eficiary is

A) Lapland.
B) Oboe.
C) First State Bank.
D) Finland.