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Fact Pattern 7-1 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 7-1. To obtain payment, Lapland must comply with all of the requirements of the letter of credit Answer strictly. substantially. reasonably. materially.
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To obtain payment, Lapland must comply with all of the requirements of the letter of credit reasonably.
Expert answered|OxTornado007|Points 5418|
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Asked 9/16/2012 5:39:44 PM
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Sam, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity for Answer a tort allegedly committed in the United States only. a tort allegedly committed in the United States or overseas. a tort allegedly committed overseas only. no purpose.
Weegy: Sam, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity for a tort allegedly committed in the United States only. (More)
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