题目内容

How would you respond to each of the following discrepancies? ( )Situation 1 The L/C calls for shipment of “1000 bed pillows, size 20×26 in”. The commercial invoice shows shipment of “1000 bed pillows, size 20×26 in”, but the B/L describes the shipment as “1000 pillows”.Situation 2 The L/C calls for shipment of 1000 kilograms. The commercial invoice and other stipulated documents show shipment of an equal amount in pounds.

A. Both constitute discrepancies and refuse to pay.
B. Only situation 1 constitute discrepancy and refuse to pay
C. Only situation 2 constitute discrepancy and refuse to pay
D. Neither constitute discrepancies and should make payment

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Under the relevant law of China, a fraud under a letter of credit transaction shall be deemed to exist in the situations of ( )

A. the beneficiary forged the documents.
B. the beneficiary intentionally failed to deliver the goods or deliver the worthless goods.
C. the beneficiary and the applicant or a third party colluded to tender fraudulent documents based on fictional underlying transaction.
D. All of the above.

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For the legal nature of the letter of credit, which of the follwing statements is more convincing for the legal relationship between the issuing bank and the beneficiary? ( )

An agency contract
B. A third-party beneficiary contract
C. A new type of legal relationship
D. A sales contract

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Which of the follwing statements is correct about the negotiable instrument? ( )One hundred and twenty (120) days after date _October 30, 2020_______PAY TO THE ORDER OF _ABC Corporation_____U.S.$ 100,000ONE HUNDRED THOUSAND_U.S. DOLLARS.FOR VALUE RECEIVED AND CHARGE TO THE ACCOUNT OF Hank’s Bank, 100 Elkhorn Road, Sun Valley, Idaho 83353Michael Martin

A. It may be tranferred by mere delivery
B. Thedrawer is Hank’s Bank
C. It is a sight draft
D. It is a time draft

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Direct payment by buyers such as M/T, T/T and D/D is the simplest mode of international payment and no bank is involved in the process of payment.( )

A. 对
B. 错

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A. Both constitute discrepancies and refuse to pay. B. Only situation 1 constitute discrepancy and refuse to pay C. Only situation 2 constitute discrepancy and refuse to pay D. Neither constitute discrepancies and should make payment

Under the relevant law of China, a fraud under a letter of credit transaction shall be deemed to exist in the situations of ( )

For the legal nature of the letter of credit, which of the follwing statements is more convincing for the legal relationship between the issuing bank and the beneficiary? ( )

Direct payment by buyers such as M/T, T/T and D/D is the simplest mode of international payment and no bank is involved in the process of payment.( )

A. Both constitute discrepancies and refuse to pay.
B. Only situation 1 constitute discrepancy and refuse to pay
C. Only situation 2 constitute discrepancy and refuse to pay
D. Neither constitute discrepancies and should make payment