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.$ 100,000__ONE 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
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
Documentary collections and documentary letters of credit belong to the documentary sale where documents of a bill of lading and a draft are often used.( )
A. 对
B. 错
Drafts, checks and promissory notes are all written and unconditional orders to pay a sum of money.( )
A. 对
B. 错