need answers in points

Question No: - 1
According to the information provided by Wisconsin, First Midwestern provided with right kind
of and safe advice to its customer about how to structure the transactions. The seven point
proposed by First Midwestern were aimed to safeguard the interests of its client. Provisions like
irrevocable letter of credit to be issued by Bank of Saigon and the letter of credit to include
provisions for on board bills of lading, commercial invoices and for inspection certificates issued
by an independent inspection agency to verify the quantity and quality of jade before shipment.
So from the suggestions made by First Midwestern to Wisconsin right kind of suggestion that
bank would provide in such cases.
But as far as full diligence is concerned, the First Midwestern seems to not have been full
diligent in this case. What they proposed was not accepted by the issuing bank, as the letter of
credit was turned into guarantee. This guarantee did mentioned as which agency will be
responsible for inspection of the quantity and quality of jade shipment though payment was
dependent on the...