Question

Fact Pattern 31-1
First State Bank issues a letter of credit in favor of Oboe Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.
Refer to Fact Pattern 31-1. To obtain payment, Lapland must comply with all of the requirements of the letter of credit
A.strictly.
B.substantially.
C.reasonably.
D.materially.

Answer

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