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Author Question: Which of the following is considered a MAJOR discrepancy in documents required under the L/C? a. ... (Read 240 times)

Bob-Dole

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on: Sep 11, 2018
Which of the following is considered a MAJOR discrepancy in documents required under the L/C?
 
  a. Failure to legalize documents
  b. Non-presentation of all documents required under the L/C
  c. Shipment of merchandise later than the specified date under the L/C
  d. Omission to state the L/C number

Question 2

______________ is a method in which the seller sends the product to a buyer on a deferred payment basis; that is, the buyer does not pay for the merchandise until it is sold to a third party.
 
  a. Cash in Advance
  b. Irrevocable Letter of Credit
  c. Open Account
  d. Consignment Sales


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aadams68

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Reply #1 on: Sep 11, 2018
Answer to Question 1

c

Answer to Question 2

d


Bob-Dole

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Reply 2 on: Sep 11, 2018
Great answer, keep it coming :)

jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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