WHEN THERE ARE WORDS LIKE “ABOUT” OR “APPROXIMATELY” IN THE LETTE...

Question

47.  When there are words like “about” or “approximately” in the letter of credit’s amount, how much can the actual payment be?a. The actual payment therefore can be 10% more or 10% less than the stated amount.b. The actual payment therefore can be 15% more or 15% less than the stated amount.c. The actual payment therefore can be 5% more or 5% less than the stated d. The actual payment therefore can be between 5% and 10% of the stated

Answer

47.  When there are words like “about” or “approximately” in the letter of credit’s amount, how much can the actual payment be?a. The actual payment therefore can be 10% more or 10% less than the stated amount.b. The actual payment therefore can be 15% more or 15% less than the stated amount.c. The actual payment therefore can be 5% more or 5% less than the stated d. The actual payment therefore can be between 5% and 10% of the stated

WHEN THERE ARE WORDS LIKE “ABOUT” OR “APPROXIMATELY” IN THE LETTE...

47. When there are words like “about” or “approximately” in the letter of credit’s

amount, how much can the actual payment be?

a. The actual payment therefore can be 10% more or 10% less than the

stated amount.

b. The actual payment therefore can be 15% more or 15% less than the stated

amount.

c. The actual payment therefore can be 5% more or 5% less than the stated

d. The actual payment therefore can be between 5% and 10% of the stated

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