A LETTER OF CREDIT EITHER “ REVOCABLE” AND “IRREVOCABLE” LETTER OF CR...

Câu 36: A letter of credit either “ revocable” and “irrevocable” letter of credit, so the plain

expression “ letter of credit generally mean the irrevocable kind. The word “ irrevocable”,

therefore. Should not always appear in the text of the credit and of the contract. Right or wrong?

A. Wrong

B. Wrong, because it should always appear in the text of the credit and the contract

according to the ICC’s rules

C. Right

D. Right, because in the absence of a clear indication, letter of credit are deemded to be

irrevocable