US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
ISP98 Rule 3.07: Separateness of Each Presentation
Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.
This survey concentrates on the most significant letter of credit (“LC”)1 issues addressed in cases decided in the United
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