MCQOPTIONS
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				| 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 | |