Tuesday, February 5, 2008

Assume it A



Assume it A. B. Is going to make the European trip. It goes to the bank doing foreign business, to speak Brown Bros and Co. New York, also asks the circular letter for? 1000 for which he is obliged to pay approximately 4880$. Copies A. B. " s the signature leave with Brown Bros and Co., also can be probably sent their foreign bank buildings. When A. B. It is represented in bank of Glasgow or Paris with its letter of credit, and asks payment on it, the banker asks, that he has signed the project on Brown Bros and Co., New York, or it is more probable on their London bank, for the demanded quantity, what quantity has been immediately confirmed on the second page of the letter of credit so that when are equaled to the person, the letter has been completely paid. A. B. Simply catches up with its own account that is, on money, which it has brought to provide the letter of credit.




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