Read the attached case and answer the below questions in 700 to 1,050 words.Summarize the facts of the case. • What is at risk for the seller, for the buyer, and in general?• What was the outcome?Provide an explanation of the issues in the case using international law.• Had the buyer breached by not obtaining the letter of credit?• Had the seller breached?• Was the contract avoided?• Was the buyer entitled to lost profits?• Had the buyer failed to mitigate?• How may these risks be minimized?