A document issued by the buyer's bank in which the bank promises to pay the seller a specified amount under specified conditions is a
Fill in the blank(s) with the appropriate word(s).
letter of credit.
A letter of credit (L/C) is a document issued by the buyer's bank in which the bank becomes an intermediary in the sale, promising to pay the seller a specified amount under specified conditions. Only cash in advance offers more protection to the seller than does an L/C, because payment will follow when the bank has received the stipulated documents by a specified time.
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The scale development process is an iterative one
Indicate whether the statement is true or false
One way to discover intangible factors influencing the other party's behavior is to look for visible evidence to explain their behavior, such as having a new boss. What are two other ways of discovering the other party's intangible factors?
What will be an ideal response?
Any warranty that does not meet the standards set down in law for a full warranty must be labeled a limited warranty
Indicate whether the statement is true or false
Social Security became law in:
A) 1920 B) 1929 C) 1935 D) 1945