refusal of Letter of Credit

jayachandran (Querist) 04 April 2010 This query is : Open
Our client had refused to accept the L/C wherein the purchaser extended its validity without specific authorisation or permission from the beneficiary.
Whether the beneficiary can refuse to accept the L/C.
Will it amount to termination of contract automatically.
What is the consequences.
PL. answer

Follow Query

Report Abuse

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Condonation of delay
Questions regarding partnership firm's case
Cancellation deed
Civil suit for partition
Property dispute..
Graduation while being govt job holder
File pertaining to a letter of administration
Property transfer related
Calling of witness
Right to vote and right to contest rwa elections

Vacation judge
Legal notice used for harrasment
Settlement
What is the meaning of possession (legally) of apartment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....