Fact Pattern 21-1BFirst 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 21-1B. In this letter of credit, the beneficiary is
A. Lapland.
B. Oboe.
C. First State Bank.
D. Finland.
Answer: A
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