24. In a confirmed letter of credit, what happen if the bank pays the exporter and the
issuing bank finds something wrong with the documents?
a. The exporter has a problem
b. The confirming bank has a problem
c. It is the issuing bank which has an absolute obligation to pay the exporter
according to the terms of credit.
d. The confirming ban has paid the money to the exporter and has no way of
recovering it. The confirming bank must pay the exporter without
recourse.
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