Below is a sample/example of what the Bank Letter of Credit should be.
(BANK LETTERHEAD)
Date:
To: Linnebur Auctions, Inc.
Re: (Name of Buyer)
To Whom It May Concern,
Please be advised that _____(Bank name)_______will guarantee payment for a check written up to ____($)______for _______(Buyer)________for checks drawn on account #__________________. This guarantee is valid for purchases made on ______(auction date)_____at Linnebur Auctions, Inc. Auction.
Please call me with any questions at ______(bank rep ph #)______.
