In your answer please set forth which provision or provisions of 15 C.F.R. 760.2 are relevant to reaching your conclusion.

 In your answer please set forth which provision or provisions of 15 C.F.R. 760.2 are relevant to reaching your conclusion. 

1. A, a U.S. bank with a branch office in boycotting country Y, sends representatives to boycotted country X to discuss plans for opening a branch office in X. Upon learning of these discussions, an official of the local boycott office in Y advises A’s local branch manager that if A opens an office in X it will no longer be allowed to do business in Y. As a result of this notification, A decides to abandon its plans to open a branch in X.

2. U.S. bank A receives a letter of credit in favor of U.S. beneficiary B. The letter of credit requires B to certify that he is not blacklisted. B meets all other conditions of the letter of credit but refuses to certify as to his blacklist status. A refuses to pay B on the letter of credit solely because B refuses to certify as to his blacklist status.

3. Briefly describe the main rationales for a rule such as that set forth in 15 C.F.R. Part 760.2.