Question

B. Answer the following with reference to the comert.
2) Who is the speaker
i the widow
b) What is in the above me?
7​

Answer 1

Answer:

A Letter of Credit is a payment term generally used for international sales transactions. ... Thus a LC (as it is commonly referred to) is a payment undertaking given by a bank to the seller and is issued on behalf of the applicant i.e. the buyer.