IIA
IIA-CFSA · Question #373
Which statement is correct concerning commercial letters of credit?
The correct answer is B. A letter of credit is not a negotiable instrument, and the contract of sale between the buyer and. See the full explanation below for the reasoning.
Question
Which statement is correct concerning commercial letters of credit?
Options
- AA letter of credit is not a negotiable instrument, and the contract of sale between the buyer and
- BA letter of credit is not a negotiable instrument, and the contract of sale between the buyer and
- CA letter of credit is a negotiable instrument, and the contract of sale between the buyer and seller
- DA letter of credit is a negotiable instrument, and the contract of sale between the buyer and seller
How the community answered
(25 responses)- A12% (3)
- B80% (20)
- C4% (1)
- D4% (1)
Community Discussion
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