Final answer:
The duties of an issuer of a letter of credit involve verifying documentation accuracy and the conformity of goods to contract terms.
Explanation:
The duties of an issuer of a letter of credit include:
- The issuer has a duty to verify that the papers are properly supported by facts.
- If the goods sold by the seller do not conform to the contract, the issuer may dishonor a draft.
- The issuer is not required to verify that the underlying transaction has been performed.
- If the issuer unjustifiably dishonors a draft, it may be liable to its customer for breach of contract.
Learn more about Letter of Credit Duties here:
https://brainly.com/question/32698923