MCQOPTIONS
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| 1. |
A bill drawn under a letter of credit contains discrepancies_____ |
| A. | must negotiable irrespective of discrepancies |
| B. | may purchase it to take it for collection but should not refuse to handle the bill |
| C. | the bank should refuse to negotiable documents |
| D. | take the bill on collection basic only |
| Answer» C. the bank should refuse to negotiable documents | |