Review quiz 1 iip301 Study guides, Class notes & Summaries
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REVIEW QUIZ 1 - IIP301 QUESTIONS AND ANSWERS
- Exam (elaborations) • 10 pages • 2023
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C 5. Which of the following parties receive documents for collection from the exporter? A. Drawee B. Principal C. Remitting bank D. Presenting bank B 8. Which brings the most risk for exporter? A. Cash in advance B. D/A C. D/P F Remitting bank, collecting bank under Documentary Collection have an undertaking/commitment to pay to the exporter. A An issuing bank is irrevocably bound by the terms of the amendment as of the time: A. the issuing bank issues the amen...
