Letter of Credit: banknetindia.com


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Name :	M.Shankar
Subject:	Letter of Credit
Message :	Hello Mr. Banerji, N's case will not stand in a court of law. If the sender is able to prove that he had posted the draft, no action can be taken against him. This is because the Post office is deemed to be the agent of the addressee and not the addressor. The addressor, therefore, will not be liable for any action performed or not performed by the addressee's agent.