When a letter of credit does not indicate whether it is revocable or irrevocable, it is treated as
A. Revocable.
B. Irrevocable.
C. Revocable or irrevocable in the option of the beneficiary.
D. Revocable or irrevocable in the option of the negotiating bank.
Answer:B
When a letter of credit does not indicate whether it is revocable or irrevocable, it is treated as
A. Revocable. B. Irrevocable. C. Revocable or irrevocable in the option of the beneficiary. D. Revocable or irrevocable in the option of the negotiating bank.