Which one of the following is NOT an advantage to exporters of documentary credits?
A) It substitutes the creditworthiness of the bank for the importer.
B) It enhances the probability the exporter will experience delays due to exchange controls.
C) It requires strict adherence to the terms.
D) It clearly establishes the acts the exporter must perform in order to receive payment.
Answer: C
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If both an older and a younger person had annuity funds of the same amount and simultaneously began to receive monthly life payments, which individual would receive the larger payments?
A) Both would receive the same amount B) The amount of the payment is based on the purchase date of the annuity C) The younger person D) The older person
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The doctrine of consideration does not apply to the CISG
Indicate whether the statement is true or false
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