A ________________ is an agreement by the person who issues a letter to pay a sum of money on receipt of an invoice and other documents.
A) Letter of agreement
B) Letter of credit
C) Letter of acknowledgement
D) Negotiated credit instrument letter
E) Letter of simple contract

Question

Quizplus · Accepted Answer

A letter of credit is an agreement by the issuer to pay another party a sum of money on receipt of an invoice and other documents.

A ________________ Is an Agreement by the Person Who Issues