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Business, 19.03.2021 22:20 fortwill05

Mafia Bank issues a letter of credit in favor of Darwin's Depot, a U. S. firm, to facilitate an international sales contract to buy crafts from Zambinia, a remote island country off the coast of Brazil. Mafia Bank must verify that the crafts arrived unbroken.

b.
make payment when Zambinia presents the letter of credit.

c.
make sure each party performs it's obligations under the contract.

d.
verify with Zambinia that they shipped the crafts.

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Answers: 1

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Mafia Bank issues a letter of credit in favor of Darwin's Depot, a U. S. firm, to facilitate an inte...
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