Bull & Cow Corporation (seller), a U.S. firm, and Carne Ltd., (buyer) an Italian company, contract for a sale of beef. Under a letter of credit issued by Fiscal Bank to facilitate the deal, Carne promises to a.transmit information and expedite payment. b.ascertain whether the seller delivers as contracted. c.reimburse the bank for the amount paid to the seller. d.nothing

The transaction involves the sale of beef, and to facilitate the deal, a letter of credit is issued…

Answered: Bull & Cow Corporation (seller), a U.S.…

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SEE MORE QUESTIONS

	a.	transmit information and expedite payment.
	b.	ascertain whether the seller delivers as contracted.
	c.	reimburse the bank for the amount paid to the seller.
	d.	nothing