Want to know:
120. Which of the following is not an undertaking of the confirming bank for a credit available by:a. Sight payment - to pay at sight.b. Deferred payment - to incur a deferred payment undertaking.c. Negotiation - to negotiate with recourse time draft drawn by the beneficiary.d. Acceptance - to honour a time draft drawn on nominated bank if the nominated bank does not accept the time draft.
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Spark.E adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- The conflict is still sharpening throughout the world between two political systems. The one system represents government by freedom of choice exercised by the individual citizens. In the other, and opposing system, individual freedom and initiative are all made subordinate to the totalitarian state.—President Franklin D. Roosevelt, 1938-----------------------------------------------------What was the ultimate result of the situation President Roosevelt refers to in this excerpt?
- _______ is more powerful and complex than _______.a. POP3; IMAP4b. IMAP4; POP3c. SMTP; POP3d. none is correct
- An overproduction of cerumen (earwax) can accumulate in which area?