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Which of the following statements about standby letters of credit is true?______.A.They ca
Which of the following statements about standby letters of credit is true?______.
A.They can serve as a guarantee to a buyer against a seller defaulting.
B.They are contrary to the general rule that letters of credit may only be used for the actual movement of goods.
C.They are unlike a tender (or other) bond in their legal standing and method of operation.
D.They are unlike a tender bond with its fixed expiry date.
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