A letter of credit says you have the funds to pay the bill It does not say you will pay the bill.
I can see both sides. You give me a deposit and I spend it on other things and close up shop. But then again I take a order; build what you want; and with nothing to lose you change your mind and cancel the order. Yes I may be able to sell your building to someone else but how many months do I have to sit on it with my money tied up trying to find another buyer. Heck I may even sell it at a loss just to get rid of it in a timely matter.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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