CÂU 50. WHAT DOES PROMPT PAYMENT OF LETTET OF CREDIT DEPEND ON
24. Which of the following is NOT true?
A. A letter of credit is a binding agreement by the buyer to pay a certain sum of
money when the exporter presents the necessary documents
B. A letter of credit is like a bill of exchange given for the price of goods
C. A letter of credit ranks as cash and must be honored
D. No set off or counterclaim is allowed to detract from a letter of credit
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