An irrevocable letter of credit ________
A) is issued by a global credit agency
B) is the basis for multilateral credit netting
C) can be amended only if all parties involved agree
D) obligates the exporter's bank to pay interest to the importer
C
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Suppose the brand development index of the detergent manufactured by Fasclean in Boston is 90 and in Austin is 48. Compare the marketing opportunity of Fasclean detergent in the two cities
What will be an ideal response?
Which of the following statements is true about termination by agreement?
A) A principal should give constructive notice to all third parties who dealt with an agent. B) When an agency relationship is terminated by an agent, the agent must give actual notice to all third parties who dealt with the agent. C) When an agency relationship is terminated by a lapse of time, there is no requirement to give notification to third parties. D) Constructive notice may be given to others through advertisement in newspapers published in areas where an agent operated on behalf of a principal.