COMMERCIAL LAW – Commercial Letter of Credit – Whether a bank is duty bound to honour the terms and conditions in a letter of credit once a letter has been issued and confirmed by it

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COMMERCIAL LAW – Commercial Letter of Credit – The four autonomous contractual relationships involved in a commercial letter of credit

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COMMERCIAL LAW – Commercial Letter of Credit – Whether a bank has a duty to comply with instructions of its customers

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COMMERCIAL LAW – Commercial Letter of Credit – Basic practice relating to a commercial letter of credit

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