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: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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