× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
Home Q & A Board Humanities Legal Studies
New Topic  
krystine77 krystine77
wrote...
Go to Answer
Posts: 694
Rep: 0 0
6 years ago
In a global trade transaction seller would ship monster cables from Port of Oakland to Bangkok, Thailand under an irrevocable letter of credit. The Thai buyer's bank issued the letter of credit with the instruction that the monster cables be placed aboard the George Mason on November 25, 2013. The loading brokers loaded the monster cables on board the ship on November 26, 2013 at 0100 hours (i.e. 1 am). On the manifest the broker wrote placed on board November 25, 2013. The confirming bank refuses to pay due to the fraud. Is the confirming bank obligated to pay to beneficiary or holder of the letter of credit.
  Indicate whether the statement is true or false
Read 33 times
1 Reply
Replies
Answer verified by a subject expert
Andie95Andie95
wrote...
#1
Top Poster
Posts: 664
Rep: 6 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

krystine77 Author
wrote...

6 years ago
Just got PERFECT on my quiz
ouasfoudgewu
wrote...

Yesterday
This site is awesome
patod1
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1207 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 400
  
 486
  
 289
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Which 'study break' activity do you find most distracting?