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Homework answers / question archive / In a L/C, if the confirming bank and negotiating bank are the same entity, advance payment made to the seller is without recourse, how do i explain this?

In a L/C, if the confirming bank and negotiating bank are the same entity, advance payment made to the seller is without recourse, how do i explain this?

Finance

In a L/C, if the confirming bank and negotiating bank are the same entity, advance payment made to the seller is without recourse, how do i explain this?

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