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Very New Corp, Inc. wants to enter into a contract to purchase $1 million of scooters from Old Established Scooter, Co. Because Very New Corp does not have well established credit, Old Established Scooter asks that Very New Corp provide a _____ to guarantee that if Very New Corp does not pay for the goods, the bank will pay Old Established Scooter $1 million.A.written accommodationB.standby letter of creditC.negotiable instrumentD.firm offerE.sales contract
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