Question
Which of the following types of documentary credit
allows the beneficiary (exporter) to receive payment even if the documents do not comply with the exact terms of the credit?Solution
A revocable letter of credit allows the terms and conditions to be modified or canceled by the importer (buyer) or issuing bank without the beneficiary's consent. This can result in the exporter being paid even if the documents do not fully comply with the letter of credit terms, as long as the changes are acceptable to the involved parties.
What does the term facts in issue refer to under the Bharatiya Sakshya Adhiniyam?
When must all instruments chargeable with duty and executed by any person in India be stamped?
Which of the following new law replaces the IPC and the Evidence Act?
As per the General Insurance Business (Nationalization) Act what are the various functions of a Corporation?
As per the Indian Stamp Act, when an instrument is chargeable with ad valorem duty in respect of any stock or security, on what basis should the duty ge...
As per the provisions of the Stamp Act corporatisation and demutualisation schemes and related instruments _________________
Any member shall be entitled to be furnished, within _____________ after he has made a request in that behalf to the company, and on payment of such fee...
Under the Registration Act the State Government may also appoint officers to be called _____________, and may prescribe the duties of such officers
