(Q19- Q25)If the following explanation (or expression) is correct, please indicate "True (T)". Or, if the following explanation (orexpression) is wrong, please indicate "False (F)".Q19Sales Contract (for international trade) is a sort of master agreement for continued transaction.AnswerQ20Documentary Letter of Credit (L/C) requires the evidences for the shipment of the goods such as commercial invoicesand transport documents, etc.AnswerQ21Clean L/C doesn't require financial documents such as bills.Q22AnswerRevocable L/C is available to international trade under UCP 600.Answer

An international sales contract refers to an agreement between a seller and a buyer that identifies…

Q19 Sales Contract (for international trade) is a sort of master agreement for continued transaction. Q20 Answer Documentary Letter of Credit (L/C) requires the evidences for the shipment of the goods such as commercial invoices and transport documents, etc. Answer Q21 Clean L/C doesn't require financial documents such as bills. Answer

Q19 Sales Contract (for international trade) is a sort of master agreement for continued transaction. Q20 Answer Documentary Letter of Credit (L/C) requires the evidences for the shipment of the goods such as commercial invoices and transport documents, etc. Answer Q21 Clean L/C doesn't require financial documents such as bills. Answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is the correct answer? Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.
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