Question

In a documentary collection transaction, the responsibilities of the presenting bank in the importing country generally stop at notifying the importer that the documents have arrived and at requesting that the importer endorse the draft or pay before releasing the documents. a. TRUE. b. FALSE.

Answer 1

OUR ANSWER IS ( a)TRUE

Explanation:

A documentary collection (D/C) is a transaction whereby the exporter entrusts the collection of payment to the exporter’s bank (remitting bank), which sends documents to the importer’s bank (collecting bank), along with instructions for payment.