Which of the following is required for a valid letter of, Ask an Expert

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Which of the following is required for a valid letter of credit?

A. That it is irrevocable.

B. That it is in a form that is a record and is authenticated.

C. That consideration is given.

D. That consent by a beneficiary is given to amend or cancel it.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9439906

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