Which of the following is the least risky for an importer?
A) Irrevocable letter of credit
B) Open account
C) Consignment
D) Bank collection time draft

Name: Which of the following is the least risky for an importer? A) Irrevocable letter of credit B) Open account C) Consignment D) Bank collection time draft
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Question

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In a sale made on consignment, goods are shipped to the buyer and payment is not made until they have been sold. All the payment risk is assumed by the seller.

Which of the Following Is the Least Risky for an Importer