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      ABCs of the UCC, Article 5: Letters of Credit, Second Edition

      By Ronald Mann

      ABCs of the UCC, Article 5: Letters of Credit, Second Edition

      ABCs of the UCC, Article 5: Letters of Credit, Second Edition

      By Ronald Mann

      This updated edition provides a clear and basic summary of the provisions of letter-of-credit law in the UCC, principally revised UCC Article 5. Explaining what letters of credit are and what UCC Article 5 does, this guide introduces the provisions and provides a clear description of the purpose and operation, illuminated where appropriate by discussion in the Official Comments.
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      The ABCs of the UCC is a series of primers written both for practitioners and students that provides the basic concepts and operations of the Uniform Commercial Code articles-in a simple, straightforward style. This second edition on UCC Article 5 and letters of credit explains in a simplified yet comprehensive way the letters of credit's role in modern commercial transactions and the bodies of law and practice that govern its use. This guide includes illustrations to help you understand the topic, as well as discussion on:

      • What qualities as a letter of credit, issuing and amendments to a letter of credit
      • The UCP and Article 5
      • Transferable and nontransferable letters of credit
      • Challenging the issuer's decision and consequences of honor
      • Forgery and Fraud
      • And more!

      Product Details

      Authors

      Ronald Mann

      Sponsors

      Business Law Section

      Publishers

      ABA Publishing

      ISBN

      9781639050475

      Page Count

      110

      Product Code

      5070804

      Trim Size

      5-3/8 x 8-3/8

      Publication Date

      11/2/2021 12:00:00 AM

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