1.

In banking terminology the word Co - obligant means :

A. A person who has guaranteed the account of another person(s)
B. A person who has executed an indemnity bond in a bank s favour
C. A person who has assumed obligations of contract jointly with other person(s)
D. A person/ business undertaking opening a documentary letter of credit
E. None of these
Answer» D. A person/ business undertaking opening a documentary letter of credit


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