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refusal of Letter of Credit

Querist : Anonymous (Querist) 04 April 2010 This query is : Resolved 
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
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M/s. Y-not legal services (Expert) 30 July 2015
anonymous query can not be answered..

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