The issuer of a letter of credit has a duty to verify that the ...

[geodog55]

The issuer of a letter of credit has a duty to verify that the underlying transaction has been performed.
  Indicate whether the statement is true or false

Question 2

Reed Watkins made and executed a valid will in which he left all of his property to his son and daughter. They failed to visit him or call. When Reed's neighbor was visiting one day, Reed got the will out and said, I don't want them to get a dime. You see this? I am destroying this will. Reed then threw the will into his wooden stove and the two watched the will burn.
 A)Reed cannot revoke a formal will by physical destruction.
 B)Reed can only revoke the will by drawing up a new will.
 C)Reed's will is revoked.
 D)Reed's will is revoked if he also signs a statement indicating that he revoked the will.

[bobsmith]

Answer to Question 1

FALSE

Answer to Question 2

C