Under the UCP, the description of the goods in the commercial invoice must correspond with the description in the credit. In all other documents, the goods may be described _____
A) in perfect conformance with the credit
B) in general terms not inconsistent with the description of the goods in the credit.
C) in specific terms as requested by the buyer.
D) in general terms consistent with the contract for the sale of goods.
B
You might also like to view...
On December 31 . 2014, Behring Enterprises leased equipment from R & R Equipment Rental. Pertinent lease transaction data are as follows: • The estimated seven-year useful equipment life coincides with the lease term. • The first of the seven equal annual $300,000 lease payments was paid on December 31 . 2014. • R & R's implicit interest rate of 1 . percent is known to Behring. •
Behring's incremental borrowing rate is 1 . percent. • Present values of an annuity of 1 in advance for seven periods are 5.11 at 1 . percent and 4.89 at 1 . percent. Behring should record the equipment on the books at a. $2,100,000. b. $1,533,000. c. $1,467,000. d. $0.
A deed of trust differs from a mortgage in that the former conditionally conveys the property to a trustee for the benefit of the creditor
a. True b. False Indicate whether the statement is true or false
Which of the following features of e-commerce technology allows fine-grained, highly detailed information on consumers' real-time behavior to be gathered and analyzed?
A) personalization/customization B) information density C) ubiquity D) interactivity
Expenses occur when items are purchased; disbursements are the receipts made later for these expenses.
Answer the following statement true (T) or false (F)