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Question
Fact Pattern 22-2First State Bank issues a letter of credit in favor of Oboe Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.
Refer to Fact Pattern 22-2. In a letter of credit, the beneficiary is
a. Lapland.
b. Oboe.
c. First State Bank.
d. none of the above.
Answer
This answer is hidden. It contains 1 characters.
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