One of the following is false about a letter of credit. which one?

a) the importer and exporter agree on a transaction.
b) the importer applies to its local bank for the issuance of a letter of credit.
c) the exporter applies to its local bank for the issuance of a letter of credit.
d) the importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.