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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 is the liability of partners in a general partnership under the Partnership Act?
What are the types of Guarantees?
On a bill of exchange payable at a fixed time after date, the period of limitation begins to run
What does the principle of novus actus interveniens refer to in tort law?
Who among the following holds office during the pleasure of the President?
When is criminal conspiracy said to be done by a person?
Quid Pro Quo means_____________________
The positivist school postulates that
Where there is more than one conciliator, what is the general rule regarding their action?
Right to equality is covered under which of the following Articles of the Constitution?
