Start learning →

Documents that do not meet the terms of a letter of credit are called what?

ADiscrepant
BConfirmed
CTransferable
DComplying
Answer & Solution
Correct answer: A. Discrepant
Documents that fail to match the credit's terms are discrepant, so the bank need not honour them until corrected.
Practise this question with Quill — CA Final →

Keep practising International Working Capital Management

Browse all International Working Capital Management questions for CA Final, or explore more Strategicfinancialmanagement topics.

Start a International Working Capital Management lesson →
Related questions