This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Washers and dryers are generally fixtures in homes. Indicate whether the statement is true or ... (Read 253 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 24, 2018
Washers and dryers are generally fixtures in homes.
  Indicate whether the statement is true or false

Question 2

Howard bought goods from Williams. Howard sent Williams a draft covered by a letter of credit issued by First National Bank. Is the bank required to investigate to determine whether the goods sent by Williams conform to the contract?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

No. The issuer of a letter of credit has no duty to verify that the papers are supported by the facts or that the underlying transaction has been performed. It is thus immaterial whether the goods sold by the seller conform to the contract as long as the seller tenders the documents specified by the letter of credit.


formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 24, 2018
Gracias!

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Brumbies awaiting their sale and new homes. Brumbies awaiting their sale and new homes.
The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
TrUe....FaLsE TrUe....FaLsE
The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library